Cwm LLC Reduces Holdings in Markel Co. (NYSE:MKL)

Cwm LLC reduced its holdings in shares of Markel Co. (NYSE:MKLGet Rating) by 44.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 74 shares of the insurance provider’s stock after selling 59 shares during the period. Cwm LLC’s holdings in Markel were worth $80,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MKL. Fairfield Bush & CO. purchased a new position in Markel during the 1st quarter worth $148,000. American Century Companies Inc. grew its position in Markel by 11.9% during the 1st quarter. American Century Companies Inc. now owns 628 shares of the insurance provider’s stock worth $926,000 after purchasing an additional 67 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Markel during the 1st quarter worth $549,000. Rhumbline Advisers grew its position in Markel by 2.7% during the 1st quarter. Rhumbline Advisers now owns 11,913 shares of the insurance provider’s stock worth $17,575,000 after purchasing an additional 308 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of Markel by 4.7% in the first quarter. Yousif Capital Management LLC now owns 332 shares of the insurance provider’s stock valued at $490,000 after acquiring an additional 15 shares in the last quarter. 75.96% of the stock is owned by hedge funds and other institutional investors.

Markel Stock Down 1.6 %

Shares of NYSE MKL opened at $1,380.35 on Thursday. 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 price of $1,313.92 and a 200 day moving average price of $1,242.71. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of -140.42 and a beta of 0.75.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MKL shares. StockNews.com started coverage on shares of Markel in a report on Wednesday, October 12th. They issued 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 started coverage on shares of Markel in a report on Thursday, December 22nd. They issued a “buy” rating and a $1,550.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,483.33.

Insiders Place Their Bets

In other Markel news, CEO Thomas Sinnickson Gayner bought 50 shares of the business’s stock in a transaction on Tuesday, November 8th. The stock was bought at an average price of $1,230.60 per share, for a total transaction of $61,530.00. Following the completion of the transaction, the chief executive officer now owns 42,127 shares in the company, valued at approximately $51,841,486.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.74% of the stock is currently owned by company insiders.

About Markel

(Get Rating)

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.

Read More

Institutional Ownership by Quarter for Markel (NYSE:MKL)

Receive News & Ratings for Markel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel and related companies with MarketBeat.com's FREE daily email newsletter.