Brinker Capital Inc. Cuts Holdings in Markel Co. (MKL)

Brinker Capital Inc. cut its holdings in Markel Co. (NYSE:MKL) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223 shares of the insurance provider’s stock after selling 18 shares during the quarter. Brinker Capital Inc.’s holdings in Markel were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKL. Heritage Wealth Advisors lifted its stake in shares of Markel by 27.8% in the fourth quarter. Heritage Wealth Advisors now owns 23,272 shares of the insurance provider’s stock worth $24,157,000 after buying an additional 5,058 shares during the last quarter. Csenge Advisory Group acquired a new stake in shares of Markel in the third quarter worth $76,000. AXA acquired a new position in Markel during the 3rd quarter valued at $221,000. LPL Financial LLC raised its stake in Markel by 6.4% during the 4th quarter. LPL Financial LLC now owns 1,256 shares of the insurance provider’s stock valued at $1,304,000 after purchasing an additional 76 shares during the last quarter. Finally, Jefferies Group LLC acquired a new position in Markel during the 3rd quarter valued at $389,000. Hedge funds and other institutional investors own 76.40% of the company’s stock.

NYSE:MKL traded up $2.48 during trading hours on Friday, hitting $1,014.82. 47,312 shares of the company traded hands, compared to its average volume of 61,748. The stock has a market cap of $14.07 billion, a P/E ratio of 49.43 and a beta of 0.85. Markel Co. has a twelve month low of $950.16 and a twelve month high of $1,228.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.54 and a quick ratio of 0.54.

Markel (NYSE:MKL) last released its earnings results on Tuesday, February 5th. The insurance provider reported $2.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.31 by ($1.04). The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.83 billion. Markel had a negative net margin of 2.02% and a positive return on equity of 9.15%. As a group, equities research analysts anticipate that Markel Co. will post 37.7 EPS for the current year.

In other news, Vice Chairman Steven A. Markel sold 100 shares of the company’s stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $1,062.76, for a total value of $106,276.00. Following the sale, the insider now owns 101,925 shares of the company’s stock, valued at approximately $108,321,813. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alan I. Kirshner sold 200 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $1,002.50, for a total transaction of $200,500.00. Following the completion of the sale, the insider now directly owns 21,985 shares in the company, valued at approximately $22,039,962.50. The disclosure for this sale can be found here. Insiders sold a total of 1,650 shares of company stock worth $1,668,681 in the last three months. Insiders own 2.34% of the company’s stock.

Several research firms recently commented on MKL. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,121.00 target price for the company in a research note on Monday, April 15th. ValuEngine cut shares of Markel from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Finally, TheStreet cut shares of Markel from a “b” rating to a “c” rating in a research note on Wednesday, February 6th.

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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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