101 Shares in Markel Co. (MKL) Purchased by Palo Capital Inc.

Palo Capital Inc. bought a new position in shares of Markel Co. (NYSE:MKL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 101 shares of the insurance provider’s stock, valued at approximately $120,000.

Other large investors have also modified their holdings of the company. Creative Planning boosted its position in shares of Markel by 6.4% in the third quarter. Creative Planning now owns 1,138 shares of the insurance provider’s stock valued at $1,353,000 after acquiring an additional 68 shares during the period. First Trust Advisors LP bought a new position in shares of Markel in the third quarter valued at approximately $2,844,000. Ingalls & Snyder LLC bought a new position in shares of Markel in the third quarter valued at approximately $710,000. Leavell Investment Management Inc. bought a new position in shares of Markel in the third quarter valued at approximately $208,000. Finally, IFM Investors Pty Ltd boosted its position in shares of Markel by 14.1% in the third quarter. IFM Investors Pty Ltd now owns 759 shares of the insurance provider’s stock valued at $902,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 75.88% of the company’s stock.

In other Markel news, CEO Richard R. Whitt III sold 500 shares of Markel stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $1,202.80, for a total transaction of $601,400.00. Following the completion of the sale, the chief executive officer now directly owns 10,444 shares in the company, valued at $12,562,043.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $1,190.40, for a total transaction of $238,080.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,200 shares of company stock valued at $1,437,755. 2.46% of the stock is currently owned by company insiders.

A number of research firms have recently commented on MKL. ValuEngine lowered shares of Markel from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Boenning Scattergood restated a “buy” rating on shares of Markel in a research report on Wednesday, August 1st. Finally, Zacks Investment Research lowered shares of Markel from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $1,252.75.

MKL stock opened at $1,020.00 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.58 and a quick ratio of 0.58. Markel Co. has a 12 month low of $1,020.00 and a 12 month high of $1,228.32. The company has a market capitalization of $14.95 billion, a PE ratio of 281.77 and a beta of 0.96.

Markel (NYSE:MKL) last announced its earnings results on Tuesday, July 31st. The insurance provider reported $19.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.49 by $11.48. Markel had a net margin of 5.79% and a return on equity of 2.89%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.68 billion. Equities research analysts predict that Markel Co. will post 36.94 EPS for the current year.

Markel Profile

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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