Markel Co. (MKL) Shares Bought by FOURPOINTS Investment Managers S.A.S.

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FOURPOINTS Investment Managers S.A.S. increased its holdings in Markel Co. (NYSE:MKL) by 3.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,550 shares of the insurance provider’s stock after acquiring an additional 200 shares during the period. Markel makes up about 22.2% of FOURPOINTS Investment Managers S.A.S.’s holdings, making the stock its 2nd largest holding. FOURPOINTS Investment Managers S.A.S.’s holdings in Markel were worth $6,525,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. CX Institutional purchased a new position in shares of Markel during the fourth quarter worth about $31,000. Rockland Trust Co. acquired a new stake in shares of Markel during the 4th quarter valued at approximately $34,000. Lindbrook Capital LLC acquired a new position in shares of Markel during the 4th quarter worth approximately $45,000. We Are One Seven LLC acquired a new position in shares of Markel during the 4th quarter worth approximately $49,000. Finally, Paradigm Asset Management Co. LLC acquired a new position in shares of Markel during the 3rd quarter worth approximately $59,000. Institutional investors own 76.40% of the company’s stock.

MKL stock traded up $6.37 on Thursday, hitting $1,018.71. 15,385 shares of the company’s stock traded hands, compared to its average volume of 48,541. Markel Co. has a 1-year low of $950.16 and a 1-year high of $1,228.32. The firm has a market cap of $14.05 billion, a PE ratio of 49.62 and a beta of 0.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.54 and a quick ratio of 0.54.

Markel (NYSE:MKL) last released its earnings results on Tuesday, February 5th. The insurance provider reported $2.27 EPS for the quarter, missing the consensus estimate of $3.31 by ($1.04). Markel had a negative net margin of 2.02% and a positive return on equity of 9.15%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.83 billion. As a group, sell-side analysts expect that Markel Co. will post 39.04 earnings per share for the current year.

Several analysts have commented on MKL shares. Zacks Investment Research raised shares of Markel from a “hold” rating to a “buy” rating and set a $1,163.00 target price for the company in a research note on Wednesday, January 2nd. TheStreet lowered shares of Markel from a “b” rating to a “c” rating in a research note on Wednesday, February 6th. Finally, ValuEngine lowered shares of Markel from a “hold” rating to a “sell” rating in a research note on Friday, April 5th.

In related news, CAO Nora N. Crouch sold 50 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $985.27, for a total value of $49,263.50. Following the completion of the sale, the chief accounting officer now owns 2,413 shares in the company, valued at approximately $2,377,456.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alan I. Kirshner sold 200 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $1,002.50, for a total transaction of $200,500.00. Following the completion of the sale, the insider now owns 21,985 shares of the company’s stock, valued at approximately $22,039,962.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,650 shares of company stock valued at $1,668,681. Company insiders own 2.34% of the company’s stock.

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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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