Buffington Mohr McNeal Acquires 15 Shares of Markel Co. (MKL)

Buffington Mohr McNeal grew its stake in shares of Markel Co. (NYSE:MKL) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 626 shares of the insurance provider’s stock after acquiring an additional 15 shares during the period. Buffington Mohr McNeal’s holdings in Markel were worth $623,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cooper Haims Advisors LLC bought a new stake in Markel during the first quarter valued at about $204,000. SG Americas Securities LLC boosted its holdings in Markel by 763.4% during the first quarter. SG Americas Securities LLC now owns 1,580 shares of the insurance provider’s stock valued at $1,574,000 after acquiring an additional 1,397 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Markel by 14.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,840 shares of the insurance provider’s stock valued at $2,829,000 after acquiring an additional 365 shares during the period. Whittier Trust Co. raised its position in shares of Markel by 22.3% during the first quarter. Whittier Trust Co. now owns 750 shares of the insurance provider’s stock valued at $747,000 after buying an additional 137 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Markel by 27.3% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 6,496 shares of the insurance provider’s stock valued at $6,472,000 after buying an additional 1,394 shares during the last quarter. Institutional investors and hedge funds own 76.13% of the company’s stock.

In other Markel news, Director Lemuel E. Lewis purchased 100 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of $1,035.00 per share, with a total value of $103,500.00. Following the completion of the transaction, the director now directly owns 5,085 shares of the company’s stock, valued at approximately $5,262,975. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman Steven A. Markel sold 80 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,000.86, for a total transaction of $80,068.80. Following the completion of the transaction, the insider now directly owns 101,265 shares of the company’s stock, valued at approximately $101,352,087.90. The disclosure for this sale can be found here. In the last three months, insiders purchased 400 shares of company stock valued at $398,556 and sold 1,393 shares valued at $1,398,416. Corporate insiders own 2.34% of the company’s stock.

NYSE:MKL traded up $11.71 during mid-day trading on Wednesday, hitting $1,086.40. The company’s stock had a trading volume of 58,811 shares, compared to its average volume of 49,624. Markel Co. has a fifty-two week low of $950.16 and a fifty-two week high of $1,228.32. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $14.75 billion, a PE ratio of 52.92 and a beta of 0.87.

A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Markel from a “buy” rating to a “hold” rating in a research report on Thursday, April 11th. ValuEngine lowered shares of Markel from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. TheStreet lowered shares of Markel from a “b” rating to a “c” rating in a research report on Wednesday, February 6th. Finally, SunTrust Banks upped their price objective on shares of Markel to $1,100.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,173.67.

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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.

Read More: Back-End Load

Institutional Ownership by Quarter for Markel (NYSE:MKL)

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