Advisory Services Network LLC Reduces Position in Markel Co. (MKL)

Advisory Services Network LLC trimmed its holdings in Markel Co. (NYSE:MKL) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 801 shares of the insurance provider’s stock after selling 79 shares during the period. Advisory Services Network LLC’s holdings in Markel were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alpha Omega Wealth Management LLC grew its stake in shares of Markel by 2.0% in the fourth quarter. Alpha Omega Wealth Management LLC now owns 511 shares of the insurance provider’s stock worth $530,000 after purchasing an additional 10 shares during the last quarter. Security Asset Management boosted its position in Markel by 0.5% during the fourth quarter. Security Asset Management now owns 1,897 shares of the insurance provider’s stock valued at $1,969,000 after acquiring an additional 10 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its holdings in shares of Markel by 7.5% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 200 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 14 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Markel by 17.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 100 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 15 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Markel by 31.3% during the fourth quarter. Parallel Advisors LLC now owns 63 shares of the insurance provider’s stock valued at $65,000 after purchasing an additional 15 shares during the period. Institutional investors own 76.40% of the company’s stock.

In other news, insider Alan I. Kirshner sold 200 shares of Markel stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,002.50, for a total transaction of $200,500.00. Following the sale, the insider now owns 21,985 shares of the company’s stock, valued at approximately $22,039,962.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Steven A. Markel sold 100 shares of Markel stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $1,000.00, for a total transaction of $100,000.00. Following the sale, the insider now directly owns 100,735 shares in the company, valued at approximately $100,735,000. The disclosure for this sale can be found here. In the last three months, insiders sold 1,650 shares of company stock worth $1,668,681. Insiders own 2.34% of the company’s stock.

MKL has been the topic of several recent analyst reports. TheStreet cut shares of Markel from a “b” rating to a “c” rating in a research note on Wednesday, February 6th. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,163.00 target price on the stock in a research note on Wednesday, January 2nd. Finally, ValuEngine cut shares of Markel from a “hold” rating to a “sell” rating in a research report on Friday, April 5th.

Shares of Markel stock traded up $2.48 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 12-month low of $950.16 and a 12-month high of $1,228.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.54 and a current ratio of 0.54.

Markel (NYSE:MKL) last issued its earnings results on Tuesday, February 5th. The insurance provider reported $2.27 EPS for the quarter, missing analysts’ consensus estimates of $3.31 by ($1.04). The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Markel had a positive return on equity of 9.15% and a negative net margin of 2.02%. On average, analysts predict that Markel Co. will post 37.7 earnings per share for the current year.

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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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