US Bancorp DE Boosts Stock Position in Markel Co. (NYSE:MKL)

US Bancorp DE boosted its holdings in Markel Co. (NYSE:MKL) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,462 shares of the insurance provider’s stock after purchasing an additional 249 shares during the period. US Bancorp DE’s holdings in Markel were worth $3,772,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. GHP Investment Advisors Inc. raised its stake in shares of Markel by 1.3% in the first quarter. GHP Investment Advisors Inc. now owns 765 shares of the insurance provider’s stock valued at $762,000 after buying an additional 10 shares during the period. Parisi Gray Wealth Management raised its stake in shares of Markel by 1.3% in the first quarter. Parisi Gray Wealth Management now owns 800 shares of the insurance provider’s stock valued at $801,000 after buying an additional 10 shares during the period. BB&T Corp raised its stake in shares of Markel by 3.0% in the second quarter. BB&T Corp now owns 338 shares of the insurance provider’s stock valued at $369,000 after buying an additional 10 shares during the period. Allianz Asset Management GmbH raised its stake in shares of Markel by 1.6% in the second quarter. Allianz Asset Management GmbH now owns 623 shares of the insurance provider’s stock valued at $679,000 after buying an additional 10 shares during the period. Finally, Check Capital Management Inc. CA raised its stake in shares of Markel by 1.4% in the second quarter. Check Capital Management Inc. CA now owns 750 shares of the insurance provider’s stock valued at $817,000 after buying an additional 10 shares during the period. 75.36% of the stock is currently owned by institutional investors and hedge funds.

MKL has been the topic of several research reports. Zacks Investment Research lowered Markel from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Deutsche Bank began coverage on Markel in a research note on Thursday, May 23rd. They set a “hold” rating and a $1,000.00 price objective on the stock. ValuEngine upgraded Markel from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Boenning Scattergood reiterated an “outperform” rating on shares of Markel in a research note on Monday, July 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1,130.25.

Shares of NYSE:MKL traded up $1.60 during midday trading on Friday, reaching $1,188.83. 560 shares of the company traded hands, compared to its average volume of 24,935. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.35. Markel Co. has a 12 month low of $950.16 and a 12 month high of $1,225.00. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 57.77 and a beta of 0.78. The firm’s fifty day moving average price is $1,143.75 and its two-hundred day moving average price is $1,071.56.

Markel (NYSE:MKL) last released its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $11.84 earnings per share (EPS) for the quarter. Markel had a return on equity of 7.38% and a net margin of 9.07%. The company had revenue of $2.01 billion for the quarter. Analysts forecast that Markel Co. will post 37.2 earnings per share for the current year.

In other Markel news, Vice Chairman Steven A. Markel sold 2,955 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,111.37, for a total value of $3,284,098.35. Following the transaction, the insider now directly owns 98,132 shares in the company, valued at approximately $109,060,960.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Steven A. Markel sold 900 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $1,100.41, for a total value of $990,369.00. Following the completion of the transaction, the insider now owns 99,855 shares in the company, valued at $109,881,440.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,714 shares of company stock worth $6,359,982. 2.34% of the stock is currently owned by corporate insiders.

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. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

Recommended Story: What does it mean to hold a stock in street name?

Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Co. (NYSE:MKL).

Institutional Ownership by Quarter for Markel (NYSE:MKL)

Receive News & Ratings for Markel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel and related companies with MarketBeat.com's FREE daily email newsletter.