Stratos Wealth Partners LTD. Sells 20 Shares of Markel Co. (MKL)

Stratos Wealth Partners LTD. lowered its holdings in Markel Co. (NYSE:MKL) by 5.6% in the 1st quarter, HoldingsChannel reports. The firm owned 334 shares of the insurance provider’s stock after selling 20 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Markel were worth $333,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Heritage Wealth Advisors raised its stake in shares of Markel by 27.8% during the 4th quarter. Heritage Wealth Advisors now owns 23,272 shares of the insurance provider’s stock worth $24,157,000 after acquiring an additional 5,058 shares in the last quarter. Clarkston Capital Partners LLC raised its stake in shares of Markel by 3.8% during the 1st quarter. Clarkston Capital Partners LLC now owns 46,835 shares of the insurance provider’s stock worth $46,659,000 after acquiring an additional 1,717 shares in the last quarter. LPL Financial LLC raised its stake in shares of Markel by 6.4% during the 4th quarter. LPL Financial LLC now owns 1,256 shares of the insurance provider’s stock worth $1,304,000 after acquiring an additional 76 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Markel during the 4th quarter worth approximately $305,000. Finally, Redmond Asset Management LLC raised its stake in shares of Markel by 0.9% during the 4th quarter. Redmond Asset Management LLC now owns 6,134 shares of the insurance provider’s stock worth $6,367,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 75.95% of the company’s stock.

NYSE MKL traded down $6.49 during mid-day trading on Friday, reaching $1,058.10. 432 shares of the stock were exchanged, compared to its average volume of 53,817. Markel Co. has a 1 year low of $950.16 and a 1 year high of $1,228.32. The company has a market capitalization of $14.88 billion, a PE ratio of 51.82 and a beta of 0.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.55 and a current ratio of 0.55.

Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Markel from a “buy” rating to a “hold” rating in a research note on Thursday, April 11th. TheStreet raised shares of Markel from a “c” rating to a “b-” rating in a report on Thursday, May 9th. Deutsche Bank initiated coverage on shares of Markel in a report on Thursday. They set a “hold” rating and a $1,000.00 price target on the stock. SunTrust Banks increased their price target on shares of Markel to $1,100.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Finally, ValuEngine raised shares of Markel from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. 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 stock. Markel has a consensus rating of “Hold” and a consensus target price of $1,130.25.

In other news, Director Lemuel E. Lewis purchased 100 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of $1,035.00 per share, with a total value of $103,500.00. Following the completion of the acquisition, the director now owns 5,085 shares of the company’s stock, valued at approximately $5,262,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alan I. Kirshner sold 200 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 21,985 shares of the company’s stock, valued at $22,039,962.50. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 400 shares of company stock worth $398,556 and have sold 1,393 shares worth $1,398,416. Corporate insiders own 2.34% of the company’s stock.

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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. 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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