Teacher Retirement System of Texas Boosts Stake in Markel Co. (MKL)

Teacher Retirement System of Texas grew its holdings in Markel Co. (NYSE:MKL) by 158.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,811 shares of the insurance provider’s stock after purchasing an additional 2,336 shares during the period. Teacher Retirement System of Texas’ holdings in Markel were worth $4,341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of Markel by 11.0% in the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 17 shares during the period. Cambridge Trust Co. raised its position in shares of Markel by 10.8% in the third quarter. Cambridge Trust Co. now owns 512 shares of the insurance provider’s stock valued at $547,000 after purchasing an additional 50 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Markel by 10.5% in the second quarter. The Manufacturers Life Insurance Company now owns 549 shares of the insurance provider’s stock valued at $535,000 after purchasing an additional 52 shares during the period. First Personal Financial Services raised its position in shares of Markel by 156.1% in the fourth quarter. First Personal Financial Services now owns 105 shares of the insurance provider’s stock valued at $120,000 after purchasing an additional 64 shares during the period. Finally, Global X MANAGEMENT CO LLC raised its position in shares of Markel by 18.0% in the third quarter. Global X MANAGEMENT CO LLC now owns 512 shares of the insurance provider’s stock valued at $547,000 after purchasing an additional 78 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on MKL. SunTrust Banks boosted their price target on shares of Markel to $1,200.00 and gave the company a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada reissued a “hold” rating and issued a $1,200.00 price target on shares of Markel in a research report on Thursday, February 8th. Zacks Investment Research lowered shares of Markel from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Boenning Scattergood reissued a “buy” rating on shares of Markel in a research report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $1,172.00.

In related news, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $1,078.70, for a total transaction of $215,740.00. Following the completion of the transaction, the insider now owns 108,761 shares of the company’s stock, valued at $117,320,490.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard R. Whitt III sold 300 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $1,060.02, for a total transaction of $318,006.00. Following the transaction, the chief executive officer now directly owns 9,652 shares of the company’s stock, valued at approximately $10,231,313.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,638 shares of company stock valued at $2,911,118. 2.53% of the stock is owned by corporate insiders.

Markel Co. (NYSE:MKL) opened at $1,130.06 on Friday. The company has a market cap of $15,752.40, a P/E ratio of 1,953.35 and a beta of 0.95. Markel Co. has a 12 month low of $936.95 and a 12 month high of $1,157.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55.

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About Markel

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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