Fenimore Asset Management Inc. cut its stake in shares of Markel Corp. (NYSE:MKL) by 0.1% during the third quarter, Holdings Channel reports. The institutional investor owned 85,962 shares of the company’s stock after selling 50 shares during the period. Markel Corp. makes up approximately 3.8% of Fenimore Asset Management Inc.’s portfolio, making the stock its 4th largest position. Fenimore Asset Management Inc.’s holdings in Markel Corp. were worth $79,839,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the stock. IFP Advisors Inc increased its stake in shares of Markel Corp. by 44.2% in the second quarter. IFP Advisors Inc now owns 150 shares of the company’s stock valued at $143,000 after buying an additional 46 shares in the last quarter. Roble Belko & Company Inc purchased a new stake in shares of Markel Corp. during the second quarter valued at approximately $162,000. Checchi Capital Advisers LLC increased its stake in shares of Markel Corp. by 8.3% in the second quarter. Checchi Capital Advisers LLC now owns 182 shares of the company’s stock valued at $173,000 after buying an additional 14 shares in the last quarter. Mizuho Asset Management Co. Ltd. purchased a new stake in shares of Markel Corp. during the second quarter valued at approximately $175,000. Finally, Comerica Bank purchased a new stake in shares of Markel Corp. during the second quarter valued at approximately $201,000. Institutional investors own 75.11% of the company’s stock.
Markel Corp. (NYSE:MKL) traded up 0.86% during trading on Wednesday, reaching $927.05. 17,357 shares of the company traded hands. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 24.35 and a beta of 0.82. The company’s 50-day moving average price is $928.04 and its 200 day moving average price is $930.44. Markel Corp. has a 52 week low of $805.03 and a 52 week high of $989.18.
Markel Corp. (NYSE:MKL) last released its quarterly earnings results 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 net margin of 9.78% and a return on equity of 6.65%. On average, equities research analysts expect that Markel Corp. will post $33.38 EPS for the current year.
MKL has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Markel Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. SunTrust Banks Inc. increased their price target on shares of Markel Corp. from $920.00 to $950.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th.
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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