Markel Co. (MKL) Shares Bought by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lifted its holdings in Markel Co. (NYSE:MKL) by 4.9% during the first quarter, Holdings Channel reports. The institutional investor owned 1,209 shares of the insurance provider’s stock after acquiring an additional 57 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Markel were worth $1,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rockland Trust Co. purchased a new position in shares of Markel in the 4th quarter worth approximately $34,000. Lindbrook Capital LLC purchased a new position in shares of Markel in the 4th quarter worth approximately $45,000. We Are One Seven LLC purchased a new position in shares of Markel in the 4th quarter worth approximately $49,000. Parallel Advisors LLC boosted its stake in shares of Markel by 31.3% in the 4th quarter. Parallel Advisors LLC now owns 63 shares of the insurance provider’s stock worth $65,000 after buying an additional 15 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its stake in Markel by 102.9% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 69 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 76.13% of the company’s stock.

Markel stock opened at $1,060.99 on Friday. Markel Co. has a 12 month low of $950.16 and a 12 month high of $1,228.32. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $14.69 billion, a P/E ratio of 51.68 and a beta of 0.87.

In other news, Director K Bruce Connell acquired 200 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were acquired at an average price of $968.78 per share, for a total transaction of $193,756.00. Following the completion of the purchase, the director now owns 2,141 shares in the company, valued at $2,074,157.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Steven A. Markel sold 80 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,000.86, for a total value of $80,068.80. Following the completion of the transaction, the insider now owns 101,265 shares in the company, valued at approximately $101,352,087.90. The disclosure for this sale can be found here. In the last quarter, insiders purchased 400 shares of company stock worth $398,556 and sold 1,393 shares worth $1,398,416. 2.34% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the company. SunTrust Banks upped their price objective on Markel to $1,100.00 and gave the company a “hold” rating in a research note on Thursday, May 2nd. ValuEngine upgraded Markel from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. TheStreet downgraded Markel from a “b” rating to a “c” rating in a research note on Wednesday, February 6th. Finally, Zacks Investment Research downgraded Markel from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,173.67.

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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. 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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