Candriam Luxembourg S.C.A. purchased a new position in Markel Corp. (NYSE:MKL) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 650 shares of the company’s stock, valued at approximately $619,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in MKL. State Street Corp boosted its position in shares of Markel Corp. by 10.4% in the first quarter. State Street Corp now owns 289,475 shares of the company’s stock worth $258,084,000 after buying an additional 27,327 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Markel Corp. by 24.7% in the first quarter. Renaissance Technologies LLC now owns 125,581 shares of the company’s stock worth $111,964,000 after buying an additional 24,900 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Markel Corp. during the first quarter worth approximately $10,275,000. BlackRock Group LTD boosted its position in shares of Markel Corp. by 10.1% in the first quarter. BlackRock Group LTD now owns 82,683 shares of the company’s stock worth $73,718,000 after buying an additional 7,613 shares in the last quarter. Finally, Steinberg Asset Management LLC boosted its position in shares of Markel Corp. by 70.9% in the first quarter. Steinberg Asset Management LLC now owns 13,485 shares of the company’s stock worth $12,023,000 after buying an additional 5,596 shares in the last quarter. Hedge funds and other institutional investors own 75.11% of the company’s stock.
Markel Corp. (NYSE:MKL) traded up 0.65% on Monday, hitting $924.16. 28,780 shares of the stock were exchanged. The company has a market capitalization of $12.93 billion, a PE ratio of 24.27 and a beta of 0.82. The company has a 50-day moving average price of $928.43 and a 200 day moving average price of $929.57. Markel Corp. has a 1-year low of $805.03 and a 1-year high of $989.18.
Markel Corp. (NYSE:MKL) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $5.41 earnings per share for the quarter, missing the consensus estimate of $6.39 by $0.98. Markel Corp. had a return on equity of 6.65% and a net margin of 9.78%. Analysts anticipate that Markel Corp. will post $33.38 EPS for the current fiscal year.
A number of research analysts have commented on MKL shares. SunTrust Banks Inc. raised their price target on shares of Markel Corp. from $920.00 to $950.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Zacks Investment Research cut shares of Markel Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th.
Markel Corp. Company Profile
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. The Company monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance.
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