Quantitative Systematic Strategies LLC Has $4.23 Million Stake in Markel Co. (NYSE:MKL)

Quantitative Systematic Strategies LLC increased its holdings in Markel Co. (NYSE:MKL) by 1,730.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,881 shares of the insurance provider’s stock after buying an additional 3,669 shares during the period. Markel accounts for 0.8% of Quantitative Systematic Strategies LLC’s holdings, making the stock its 27th largest position. Quantitative Systematic Strategies LLC’s holdings in Markel were worth $4,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisory Alpha LLC acquired a new position in Markel during the first quarter valued at approximately $28,000. MCF Advisors LLC raised its position in Markel by 52.0% during the first quarter. MCF Advisors LLC now owns 38 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 13 shares in the last quarter. Lindbrook Capital LLC raised its position in Markel by 45.5% during the first quarter. Lindbrook Capital LLC now owns 64 shares of the insurance provider’s stock valued at $63,000 after purchasing an additional 20 shares in the last quarter. NEXT Financial Group Inc raised its position in Markel by 40.4% during the second quarter. NEXT Financial Group Inc now owns 66 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 19 shares in the last quarter. Finally, Farmers National Bank acquired a new position in Markel during the first quarter valued at approximately $85,000. Institutional investors own 75.01% of the company’s stock.

Several research analysts have commented on the stock. TheStreet upgraded shares of Markel from a “c” rating to a “b-” rating in a research report on Thursday, May 9th. Zacks Investment Research downgraded shares of Markel from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Boenning Scattergood restated an “outperform” rating on shares of Markel in a research report on Monday, July 1st. Deutsche Bank assumed coverage on shares of Markel in a research report on Thursday, May 23rd. They set a “hold” rating and a $1,000.00 price objective for the company. Finally, ValuEngine upgraded shares of Markel from a “sell” rating to a “hold” rating in a research 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. The company presently has a consensus rating of “Hold” and a consensus target price of $1,130.25.

In other Markel news, Vice Chairman Steven A. Markel sold 900 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $1,100.41, for a total transaction of $990,369.00. Following the sale, the insider now owns 99,855 shares of the company’s stock, valued at $109,881,440.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alan I. Kirshner sold 200 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $1,106.17, for a total transaction of $221,234.00. Following the sale, the insider now directly owns 21,785 shares in the company, valued at approximately $24,097,913.45. The disclosure for this sale can be found here. Insiders own 2.34% of the company’s stock.

Shares of NYSE MKL traded down $28.32 during midday trading on Monday, reaching $1,090.92. 782 shares of the company were exchanged, compared to its average volume of 36,812. The company’s 50-day moving average price is $1,099.47. The stock has a market capitalization of $15.36 billion, a PE ratio of 53.37 and a beta of 0.79. Markel Co. has a one year low of $950.16 and a one year high of $1,228.32. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35.

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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