Markel Co. (MKL) Holdings Lifted by Cobblestone Capital Advisors LLC NY

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Cobblestone Capital Advisors LLC NY grew its position in Markel Co. (NYSE:MKL) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,894 shares of the insurance provider’s stock after purchasing an additional 69 shares during the period. Markel comprises approximately 1.5% of Cobblestone Capital Advisors LLC NY’s holdings, making the stock its 16th largest holding. Cobblestone Capital Advisors LLC NY’s holdings in Markel were worth $14,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. CX Institutional acquired a new stake in shares of Markel during the fourth quarter worth approximately $31,000. Rockland Trust Co. acquired a new stake in shares of Markel during the fourth quarter worth approximately $34,000. We Are One Seven LLC acquired a new stake in shares of Markel during the fourth quarter worth approximately $49,000. Paradigm Asset Management Co. LLC acquired a new stake in shares of Markel during the third quarter worth approximately $59,000. Finally, Csenge Advisory Group acquired a new stake in shares of Markel during the third quarter worth approximately $76,000. Institutional investors own 75.58% of the company’s stock.

In other news, insider Alan I. Kirshner sold 200 shares of Markel stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $1,020.82, for a total value of $204,164.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman Steven A. Markel sold 100 shares of Markel stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $1,036.74, for a total transaction of $103,674.00. Following the completion of the transaction, the insider now directly owns 101,804 shares in the company, valued at approximately $105,544,278.96. The disclosure for this sale can be found here. Insiders sold 1,149 shares of company stock valued at $1,194,312 over the last quarter. Corporate insiders own 2.46% of the company’s stock.

A number of research firms have issued reports on MKL. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “strong-buy” rating and set a $1,361.00 target price for the company in a research note on Monday, October 8th. Boenning Scattergood set a $1,300.00 target price on shares of Markel and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, ValuEngine cut shares of Markel from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $1,215.75.

NYSE MKL traded up $1.94 during trading on Thursday, reaching $1,053.57. The company’s stock had a trading volume of 21 shares, compared to its average volume of 35,985. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $14.70 billion, a PE ratio of 291.09 and a beta of 1.01. Markel Co. has a 1-year low of $954.39 and a 1-year high of $1,228.32.

Markel (NYSE:MKL) last posted its earnings results on Tuesday, October 30th. The insurance provider reported $28.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $7.05 by $21.45. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Markel had a net margin of 14.03% and a return on equity of 9.72%. As a group, equities analysts anticipate that Markel Co. will post 28.24 EPS for the current year.

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About Markel

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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