200 Shares in Markel Co. (NYSE:MKL) Bought by Wheatland Advisors Inc.

Wheatland Advisors Inc. acquired a new position in Markel Co. (NYSE:MKL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200 shares of the insurance provider’s stock, valued at approximately $218,000.

Other large investors have also modified their holdings of the company. Advisory Alpha LLC bought a new stake in Markel during the first quarter valued at about $28,000. Steward Partners Investment Advisory LLC bought a new stake in Markel during the second quarter valued at about $40,000. MCF Advisors LLC boosted its holdings 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 acquiring an additional 13 shares during the period. NEXT Financial Group Inc boosted its holdings 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 acquiring an additional 19 shares during the period. Finally, AdvisorNet Financial Inc boosted its holdings in Markel by 425.0% during the second quarter. AdvisorNet Financial Inc now owns 84 shares of the insurance provider’s stock valued at $92,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 74.77% of the company’s stock.

MKL stock traded down $22.94 during mid-day trading on Friday, reaching $1,124.00. 21,328 shares of the stock traded hands, compared to its average volume of 37,757. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.35. Markel Co. has a 52 week low of $950.16 and a 52 week high of $1,225.00. The business has a 50-day moving average of $1,118.87 and a two-hundred day moving average of $1,053.61. The firm has a market capitalization of $15.85 billion, a PE ratio of 54.75 and a beta of 0.79.

In related news, Vice Chairman Steven A. Markel sold 2,955 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,111.37, for a total value of $3,284,098.35. Following the completion of the sale, the insider now owns 98,132 shares in the company, valued at $109,060,960.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Steven A. Markel sold 900 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 99,855 shares of the company’s stock, valued at approximately $109,881,440.55. The disclosure for this sale can be found here. Insiders have sold 5,464 shares of company stock valued at $6,066,377 over the last 90 days. Corporate insiders own 2.34% of the company’s stock.

MKL has been the subject of a number of recent analyst reports. Boenning Scattergood restated an “outperform” rating on shares of Markel in a report on Monday, July 1st. SunTrust Banks upped their price target on shares of Markel to $1,100.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. Zacks Investment Research cut shares of Markel from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd. TheStreet upgraded shares of Markel from a “c” rating to a “b-” rating in a report on Thursday, May 9th. Finally, Deutsche Bank initiated coverage on shares of Markel in a report on Thursday, May 23rd. They set a “hold” rating and a $1,000.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $1,130.25.

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. 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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