Atria Investments LLC Sells 100 Shares of Markel Co. (NYSE:MKL)

Atria Investments LLC cut its holdings in shares of Markel Co. (NYSE:MKLGet Rating) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,937 shares of the insurance provider’s stock after selling 100 shares during the period. Atria Investments LLC’s holdings in Markel were worth $2,390,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Mackenzie Financial Corp grew its position in Markel by 2.5% during the 3rd quarter. Mackenzie Financial Corp now owns 190,467 shares of the insurance provider’s stock worth $227,633,000 after acquiring an additional 4,729 shares during the last quarter. Marathon Asset Mgmt Ltd bought a new position in Markel in the 3rd quarter valued at $160,447,000. Bank of America Corp DE boosted its position in Markel by 5.9% in the 2nd quarter. Bank of America Corp DE now owns 121,739 shares of the insurance provider’s stock valued at $144,469,000 after buying an additional 6,788 shares during the last quarter. California Public Employees Retirement System boosted its position in Markel by 0.6% in the 3rd quarter. California Public Employees Retirement System now owns 105,933 shares of the insurance provider’s stock valued at $126,604,000 after buying an additional 603 shares during the last quarter. Finally, Fenimore Asset Management Inc. boosted its position in Markel by 0.3% in the 4th quarter. Fenimore Asset Management Inc. now owns 98,047 shares of the insurance provider’s stock valued at $120,990,000 after buying an additional 299 shares during the last quarter. Institutional investors and hedge funds own 77.42% of the company’s stock.

Shares of Markel stock opened at $1,478.87 on Tuesday. The company has a market capitalization of $20.09 billion, a PE ratio of 8.38 and a beta of 0.73. Markel Co. has a 12 month low of $1,155.00 and a 12 month high of $1,513.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $1,364.70 and its 200 day simple moving average is $1,294.85.

Markel (NYSE:MKLGet Rating) last released its quarterly earnings results on Wednesday, February 2nd. The insurance provider reported $15.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $16.53 by ($0.82). The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.80 billion. Markel had a net margin of 18.88% and a return on equity of 5.97%. During the same period in the prior year, the business earned $15.83 EPS. Analysts predict that Markel Co. will post 75.53 EPS for the current fiscal year.

In related news, Director Steven A. Markel sold 1,500 shares of the stock in a transaction on Thursday, March 24th. The stock was sold at an average price of $1,479.05, for a total value of $2,218,575.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anthony F. Markel sold 65 shares of the stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $1,266.38, for a total value of $82,314.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,065 shares of company stock worth $4,529,920. 1.74% of the stock is owned by company insiders.

MKL has been the topic of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of Markel in a research report on Thursday, February 3rd. StockNews.com started coverage on Markel in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,443.33.

Markel Company Profile (Get Rating)

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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