Massmutual Trust Co. FSB ADV Sells 32 Shares of Markel Co. (NYSE:MKL)

Massmutual Trust Co. FSB ADV cut its position in Markel Co. (NYSE:MKLGet Rating) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483 shares of the insurance provider’s stock after selling 32 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Markel were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of MKL. JFS Wealth Advisors LLC lifted its stake in Markel by 500.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 18 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 15 shares in the last quarter. Riverview Trust Co purchased a new stake in Markel in the 1st quarter worth approximately $32,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Markel in the 1st quarter worth approximately $32,000. Covestor Ltd purchased a new stake in Markel in the 4th quarter worth approximately $37,000. Finally, Clearstead Advisors LLC purchased a new stake in Markel in the 1st quarter worth approximately $38,000. 77.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TheStreet cut shares of Markel from a “b-” rating to a “c” rating in a research note on Friday, August 5th. Royal Bank of Canada lowered their price objective on shares of Markel from $1,650.00 to $1,600.00 and set an “outperform” rating on the stock in a research report on Thursday, August 4th. Finally, Truist Financial lowered their price objective on shares of Markel from $1,500.00 to $1,300.00 and set a “hold” rating on the stock in a research report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,450.00.

Insider Buying and Selling

In other Markel news, Director A. Lynne Puckett bought 48 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of $1,196.54 per share, for a total transaction of $57,433.92. Following the transaction, the director now directly owns 873 shares in the company, valued at $1,044,579.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director A. Lynne Puckett purchased 48 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were acquired at an average price of $1,196.54 per share, with a total value of $57,433.92. Following the acquisition, the director now directly owns 873 shares in the company, valued at $1,044,579.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 50 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was purchased at an average cost of $1,202.46 per share, for a total transaction of $60,123.00. Following the acquisition, the chief executive officer now owns 42,077 shares in the company, valued at $50,595,909.42. The disclosure for this purchase can be found here. Insiders have acquired a total of 181 shares of company stock worth $218,307 in the last 90 days. 1.74% of the stock is owned by company insiders.

Markel Stock Performance

Markel stock opened at $1,182.97 on Friday. The firm’s fifty day moving average price is $1,231.58 and its 200-day moving average price is $1,322.91. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $15.99 billion, a P/E ratio of 672.15 and a beta of 0.71. Markel Co. has a fifty-two week low of $1,162.00 and a fifty-two week high of $1,519.24.

Markel (NYSE:MKLGet Rating) last issued its earnings results on Tuesday, August 2nd. The insurance provider reported $45.02 EPS for the quarter, topping analysts’ consensus estimates of $21.43 by $23.59. Markel had a net margin of 0.83% and a return on equity of 6.03%. During the same period in the previous year, the firm posted $19.14 EPS. On average, equities research analysts expect that Markel Co. will post 67.04 earnings per share for the current fiscal year.

Markel Company Profile

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Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.

See Also

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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