Schwab Charles Investment Management Inc. Buys 1,211 Shares of Markel Co. (MKL)

Schwab Charles Investment Management Inc. lifted its stake in Markel Co. (NYSE:MKL) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,380 shares of the insurance provider’s stock after acquiring an additional 1,211 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.20% of Markel worth $29,242,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its position in Markel by 0.5% during the second quarter. Neuberger Berman Group LLC now owns 428 shares of the insurance provider’s stock worth $418,000 after buying an additional 2 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in Markel by 1.1% during the second quarter. Flagship Harbor Advisors LLC now owns 273 shares of the insurance provider’s stock worth $268,000 after buying an additional 3 shares during the last quarter. Davidson & Garrard Inc. increased its position in Markel by 0.6% during the second quarter. Davidson & Garrard Inc. now owns 529 shares of the insurance provider’s stock worth $516,000 after buying an additional 3 shares during the last quarter. Chilton Investment Co. LLC increased its position in Markel by 2.4% during the second quarter. Chilton Investment Co. LLC now owns 253 shares of the insurance provider’s stock worth $247,000 after buying an additional 6 shares during the last quarter. Finally, Comerica Bank increased its position in Markel by 1.4% during the second quarter. Comerica Bank now owns 590 shares of the insurance provider’s stock worth $603,000 after buying an additional 8 shares during the last quarter. 76.89% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Alan I. Kirshner sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $1,077.70, for a total transaction of $107,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $1,082.68, for a total value of $216,536.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,307 shares of company stock valued at $2,510,338. Corporate insiders own 2.53% of the company’s stock.

A number of brokerages have weighed in on MKL. SunTrust Banks reissued a “hold” rating and set a $1,100.00 price target on shares of Markel in a research report on Friday, October 27th. Zacks Investment Research cut Markel from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank of Canada restated a “hold” rating and set a $1,050.00 price objective on shares of Markel in a report on Tuesday, October 3rd. Finally, Boenning Scattergood restated a “buy” rating on shares of Markel in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $1,066.67.

Shares of Markel Co. (MKL) traded up $7.52 during trading hours on Tuesday, hitting $1,118.46. The stock had a trading volume of 33,200 shares, compared to its average volume of 6,748. Markel Co. has a 12 month low of $612.00 and a 12 month high of $1,124.22. The company has a market capitalization of $15,433.07, a PE ratio of 364.24 and a beta of 1.05. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.28.

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Markel Profile

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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