Markel Co. (MKL) Position Reduced by Brown Advisory Inc.

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Brown Advisory Inc. lowered its position in Markel Co. (NYSE:MKL) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,416 shares of the insurance provider’s stock after selling 767 shares during the period. Brown Advisory Inc. owned about 0.07% of Markel worth $11,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in MKL. Summit Trail Advisors LLC lifted its position in shares of Markel by 115,809.3% during the 1st quarter. Summit Trail Advisors LLC now owns 224,864 shares of the insurance provider’s stock valued at $225,000 after acquiring an additional 224,670 shares during the period. Thrivent Financial For Lutherans acquired a new stake in shares of Markel during the 4th quarter valued at approximately $55,990,000. Thrivent Financial for Lutherans lifted its position in shares of Markel by 92.6% during the 1st quarter. Thrivent Financial for Lutherans now owns 94,666 shares of the insurance provider’s stock valued at $110,783,000 after acquiring an additional 45,514 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Markel during the 4th quarter valued at approximately $9,462,000. Finally, Principal Financial Group Inc. lifted its position in shares of Markel by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 671,504 shares of the insurance provider’s stock valued at $785,828,000 after acquiring an additional 6,453 shares during the period. Hedge funds and other institutional investors own 76.24% of the company’s stock.

MKL has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,287.00 price target for the company in a research report on Wednesday, April 11th. Boenning Scattergood set a $1,250.00 price target on shares of Markel and gave the company a “buy” rating in a research report on Friday, April 27th. Argus initiated coverage on shares of Markel in a research report on Wednesday, April 11th. They set a “hold” rating for the company. ValuEngine upgraded shares of Markel from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, William Blair upgraded shares of Markel from a “market perform” rating to an “outperform” rating in a research report on Monday, March 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $1,237.50.

Shares of Markel opened at $1,083.48 on Wednesday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.59 and a quick ratio of 0.59. Markel Co. has a 1-year low of $963.79 and a 1-year high of $1,194.98. The company has a market cap of $15.06 billion, a PE ratio of 299.30 and a beta of 0.90.

Markel (NYSE:MKL) last issued its quarterly earnings data on Tuesday, April 24th. The insurance provider reported $11.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.71 by $2.68. Markel had a net margin of 4.19% and a return on equity of 1.47%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.61 billion. sell-side analysts expect that Markel Co. will post 38.48 earnings per share for the current fiscal year.

In other Markel news, insider Nora N. Crouch sold 90 shares of Markel stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $1,151.58, for a total value of $103,642.20. Following the completion of the sale, the insider now directly owns 2,577 shares of the company’s stock, valued at approximately $2,967,621.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $1,137.78, for a total transaction of $227,556.00. Following the completion of the sale, the insider now directly owns 105,250 shares of the company’s stock, valued at $119,751,345. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,390 shares of company stock valued at $1,569,354. Corporate insiders own 2.46% of the company’s stock.

Markel Profile

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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