Markel Co. (MKL) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lessened its holdings in shares of Markel Co. (NYSE:MKL) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,768 shares of the insurance provider’s stock after selling 1,132 shares during the quarter. Cooke & Bieler LP owned about 0.34% of Markel worth $54,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Toronto Dominion Bank boosted its position in shares of Markel by 11.0% during the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after acquiring an additional 17 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Markel by 3.4% during the 3rd quarter. California Public Employees Retirement System now owns 29,434 shares of the insurance provider’s stock valued at $31,435,000 after acquiring an additional 968 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of Markel by 4.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 12,614 shares of the insurance provider’s stock valued at $13,471,000 after acquiring an additional 533 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Markel by 1.4% during the 3rd quarter. Wells Fargo & Company MN now owns 76,310 shares of the insurance provider’s stock valued at $81,497,000 after acquiring an additional 1,022 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Markel by 4.3% during the 3rd quarter. Rhumbline Advisers now owns 16,470 shares of the insurance provider’s stock valued at $17,590,000 after acquiring an additional 676 shares during the last quarter. Hedge funds and other institutional investors own 76.82% of the company’s stock.

A number of analysts have recently issued reports on MKL shares. Zacks Investment Research upgraded Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price target for the company in a research report on Friday, January 5th. Royal Bank of Canada reiterated a “hold” rating and set a $1,200.00 price target on shares of Markel in a research report on Thursday. SunTrust Banks restated a “hold” rating and issued a $1,100.00 target price on shares of Markel in a research report on Friday, October 27th. Finally, Boenning Scattergood restated a “buy” rating on shares of Markel in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $1,172.00.

In related news, insider Alan I. Kirshner sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $1,133.50, for a total value of $113,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $1,143.47, for a total value of $228,694.00. Following the completion of the sale, the insider now owns 106,360 shares of the company’s stock, valued at approximately $121,619,469.20. The disclosure for this sale can be found here. Insiders sold a total of 2,138 shares of company stock valued at $2,373,344 in the last 90 days. 2.53% of the stock is currently owned by corporate insiders.

Shares of Markel Co. (MKL) opened at $1,084.97 on Friday. The firm has a market capitalization of $14,711.27, a P/E ratio of 42.09 and a beta of 0.95. Markel Co. has a 12-month low of $612.00 and a 12-month high of $1,157.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55.

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Markel Profile

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

Institutional Ownership by Quarter for Markel (NYSE:MKL)

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