Markel Co. (NYSE:MKL) Shares Purchased by Taylor Hoffman Wealth Management

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Taylor Hoffman Wealth Management increased its holdings in shares of Markel Co. (NYSE:MKL) by 4.2% in the third quarter, Holdings Channel reports. The firm owned 2,172 shares of the insurance provider’s stock after buying an additional 88 shares during the quarter. Markel accounts for 1.8% of Taylor Hoffman Wealth Management’s investment portfolio, making the stock its 10th biggest holding. Taylor Hoffman Wealth Management’s holdings in Markel were worth $2,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Vestmark Advisory Solutions Inc. boosted its stake in Markel by 1.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 476 shares of the insurance provider’s stock worth $519,000 after purchasing an additional 9 shares during the period. Atria Investments LLC boosted its stake in Markel by 3.5% during the 2nd quarter. Atria Investments LLC now owns 263 shares of the insurance provider’s stock worth $300,000 after purchasing an additional 9 shares during the period. Comerica Bank boosted its stake in Markel by 1.9% during the 3rd quarter. Comerica Bank now owns 488 shares of the insurance provider’s stock worth $544,000 after purchasing an additional 9 shares during the period. BB&T Corp boosted its stake in Markel by 3.0% during the 2nd quarter. BB&T Corp now owns 338 shares of the insurance provider’s stock worth $369,000 after purchasing an additional 10 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in Markel by 1.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 623 shares of the insurance provider’s stock worth $679,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 75.31% of the company’s stock.

Separately, ValuEngine cut shares of Markel from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $1,073.67.

NYSE:MKL traded down $9.08 during trading hours on Friday, reaching $1,165.42. 20,578 shares of the company’s stock were exchanged, compared to its average volume of 41,685. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 56.77 and a beta of 0.75. The company has a 50-day moving average of $1,158.09 and a 200 day moving average of $1,113.65. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.37. Markel Co. has a 1-year low of $950.16 and a 1-year high of $1,216.47.

In other Markel news, Chairman Alan I. Kirshner sold 200 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $1,151.92, for a total transaction of $230,384.00. Following the completion of the transaction, the chairman now owns 21,585 shares in the company, valued at approximately $24,864,193.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Steven A. Markel sold 250 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $1,195.91, for a total transaction of $298,977.50. Following the transaction, the insider now owns 94,365 shares of the company’s stock, valued at approximately $112,852,047.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,278 shares of company stock valued at $4,969,137. 2.34% of the stock is owned by company insiders.

About Markel

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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