Markel Co. (MKL) Position Boosted by BlackRock Inc.

BlackRock Inc. lifted its holdings in shares of Markel Co. (NYSE:MKL) by 0.3% in the fourth quarter, HoldingsChannel reports. The fund owned 845,404 shares of the insurance provider’s stock after purchasing an additional 2,155 shares during the period. BlackRock Inc. owned about 0.06% of Markel worth $963,025,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. First Personal Financial Services raised its holdings in shares of Markel by 156.1% during the fourth quarter. First Personal Financial Services now owns 105 shares of the insurance provider’s stock valued at $120,000 after acquiring an additional 64 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Markel during the fourth quarter valued at approximately $122,000. Simplex Trading LLC raised its holdings in shares of Markel by 169.1% during the fourth quarter. Simplex Trading LLC now owns 148 shares of the insurance provider’s stock valued at $168,000 after acquiring an additional 93 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Markel by 11.0% during the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after acquiring an additional 17 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of Markel during the fourth quarter valued at approximately $201,000. Institutional investors own 76.65% of the company’s stock.

In related news, CEO Richard R. Whitt III sold 300 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $1,060.02, for a total value of $318,006.00. Following the sale, the chief executive officer now directly owns 9,652 shares of the company’s stock, valued at $10,231,313.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alan I. Kirshner sold 100 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,838 shares of company stock worth $3,136,310. 2.53% of the stock is owned by insiders.

Several equities research analysts recently weighed in on the company. Zacks Investment Research cut Markel from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $1,200.00 price target on shares of Markel in a research note on Thursday, February 8th. SunTrust Banks upped their price target on Markel to $1,200.00 and gave the stock a “hold” rating in a research note on Thursday, February 8th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Markel currently has a consensus rating of “Hold” and an average target price of $1,172.00.

Shares of Markel Co. (NYSE MKL) opened at $1,107.00 on Friday. The firm has a market capitalization of $15,390.00, a price-to-earnings ratio of 758.22 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 quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28.

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Markel Company 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.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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