Pictet Asset Management SA Has $6.01 Million Position in Markel Co. (NYSE:MKL)

Pictet Asset Management SA cut its stake in Markel Co. (NYSE:MKLGet Rating) by 13.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,649 shares of the insurance provider’s stock after selling 751 shares during the quarter. Pictet Asset Management SA’s holdings in Markel were worth $6,012,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Markel by 1.6% in the 1st quarter. BlackRock Inc. now owns 629,879 shares of the insurance provider’s stock worth $929,225,000 after purchasing an additional 9,937 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Markel by 4.0% during the first quarter. Principal Financial Group Inc. now owns 606,602 shares of the insurance provider’s stock worth $894,883,000 after purchasing an additional 23,165 shares during the last quarter. First Trust Advisors LP boosted its stake in Markel by 14.9% in the first quarter. First Trust Advisors LP now owns 192,303 shares of the insurance provider’s stock valued at $283,693,000 after buying an additional 24,903 shares in the last quarter. Mar Vista Investment Partners LLC boosted its stake in shares of Markel by 2.9% in the 1st quarter. Mar Vista Investment Partners LLC now owns 100,075 shares of the insurance provider’s stock valued at $147,635,000 after purchasing an additional 2,798 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC grew its stake in shares of Markel by 1.2% during the first quarter. Douglass Winthrop Advisors LLC now owns 84,696 shares of the insurance provider’s stock worth $124,947,000 after buying an additional 985 shares during the last quarter. 77.56% of the stock is owned by institutional investors.

Markel Stock Performance

Shares of MKL stock opened at $1,259.29 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.35. Markel Co. has a 52 week low of $1,064.09 and a 52 week high of $1,519.24. The firm has a 50 day moving average of $1,174.99 and a 200-day moving average of $1,245.07. The company has a market cap of $16.94 billion, a price-to-earnings ratio of -128.11 and a beta of 0.75.

Insider Buying and Selling at Markel

In related news, CEO Thomas Sinnickson Gayner acquired 50 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were bought at an average price of $1,230.60 per share, with a total value of $61,530.00. Following the transaction, the chief executive officer now directly owns 42,127 shares of the company’s stock, valued at $51,841,486.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Markel news, Director A. Lynne Puckett acquired 83 shares of the stock in a transaction on Tuesday, August 23rd. The shares were purchased at an average price of $1,213.86 per share, for a total transaction of $100,750.38. Following the completion of the acquisition, the director now owns 956 shares in the company, valued at approximately $1,160,450.16. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 50 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was acquired at an average cost of $1,230.60 per share, for a total transaction of $61,530.00. Following the completion of the purchase, the chief executive officer now directly owns 42,127 shares of the company’s stock, valued at approximately $51,841,486.20. The disclosure for this purchase can be found here. Insiders own 1.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MKL shares. 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 dropped their price target 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. StockNews.com assumed coverage on shares of Markel in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Truist Financial dropped their target price on shares of Markel from $1,500.00 to $1,300.00 and set a “hold” rating on the stock in a report on Friday, August 5th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Markel has a consensus rating of “Moderate Buy” and a consensus price target of $1,450.00.

About Markel

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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.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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