Comerica Bank Reduces Stock Holdings in Markel Co. (NYSE:MKL)

Comerica Bank decreased its position in Markel Co. (NYSE:MKLGet Rating) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,350 shares of the insurance provider’s stock after selling 76 shares during the period. Comerica Bank’s holdings in Markel were worth $2,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKL. Fort Washington Investment Advisors Inc. OH raised its holdings in Markel by 36.4% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 81,328 shares of the insurance provider’s stock valued at $105,177,000 after acquiring an additional 21,724 shares during the period. Citadel Investment Advisory Inc. raised its holdings in Markel by 875.1% during the 2nd quarter. Citadel Investment Advisory Inc. now owns 16,011 shares of the insurance provider’s stock valued at $20,706,000 after acquiring an additional 14,369 shares during the period. Renaissance Technologies LLC raised its holdings in Markel by 2,270.9% during the 2nd quarter. Renaissance Technologies LLC now owns 13,751 shares of the insurance provider’s stock valued at $17,783,000 after acquiring an additional 13,171 shares during the period. Prudential Financial Inc. raised its holdings in Markel by 1,757.8% during the 1st quarter. Prudential Financial Inc. now owns 13,822 shares of the insurance provider’s stock valued at $20,390,000 after acquiring an additional 13,078 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its holdings in Markel by 32.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 52,400 shares of the insurance provider’s stock valued at $56,813,000 after acquiring an additional 12,953 shares during the period. Institutional investors own 75.96% of the company’s stock.

Markel Stock Down 2.5 %

MKL opened at $1,403.26 on Wednesday. The stock has a market cap of $18.87 billion, a PE ratio of -142.75 and a beta of 0.75. 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 business’s fifty day simple moving average is $1,310.62 and its 200 day simple moving average is $1,241.74.

Markel (NYSE:MKLGet Rating) last released its earnings results on Tuesday, November 1st. The insurance provider reported $13.17 EPS for the quarter, missing analysts’ consensus estimates of $17.66 by ($4.49). The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.21 billion. Markel had a negative net margin of 0.29% and a positive return on equity of 6.44%. As a group, research analysts expect that Markel Co. will post 65.44 earnings per share for the current fiscal year.

Insider Activity at Markel

In other news, CEO Thomas Sinnickson Gayner bought 50 shares of Markel stock in a transaction that occurred on Tuesday, November 8th. The shares were acquired at an average price of $1,230.60 per share, with a total value of $61,530.00. Following the completion of the purchase, the chief executive officer now directly owns 42,127 shares in the company, valued at $51,841,486.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.74% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com initiated coverage on shares of Markel in a report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet raised shares of Markel from a “c+” rating to a “b-” rating in a report on Friday, December 2nd. Finally, Janney Montgomery Scott initiated coverage on shares of Markel in a report on Thursday, December 22nd. They issued a “buy” rating and a $1,550.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,483.33.

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.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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