Markel Corp. (MKL) is Brightworth’s 6th Largest Position
Brightworth held its position in Markel Corp. (NYSE:MKL) during the second quarter, Holdings Channel reports. The firm owned 225 shares of the company’s stock at the end of the second quarter. Markel Corp. makes up approximately 0.2% of Brightworth’s holdings, making the stock its 6th largest position. Brightworth’s holdings in Markel Corp. were worth $214,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in Markel Corp. by 0.5% in the first quarter. Prudential Financial Inc. now owns 972 shares of the company’s stock worth $867,000 after buying an additional 5 shares in the last quarter. Geode Capital Management LLC increased its position in Markel Corp. by 4.4% in the first quarter. Geode Capital Management LLC now owns 84,872 shares of the company’s stock worth $75,625,000 after buying an additional 3,584 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Markel Corp. by 5.0% in the first quarter. UBS Asset Management Americas Inc. now owns 28,720 shares of the company’s stock valued at $25,606,000 after buying an additional 1,361 shares during the period. Aperio Group LLC increased its position in shares of Markel Corp. by 24.1% in the first quarter. Aperio Group LLC now owns 4,168 shares of the company’s stock valued at $3,716,000 after buying an additional 809 shares during the period. Finally, Silvercrest Asset Management Group LLC purchased a new position in shares of Markel Corp. during the first quarter valued at approximately $615,000. Institutional investors and hedge funds own 75.11% of the company’s stock.
Markel Corp. (NYSE:MKL) traded up 0.36% during mid-day trading on Wednesday, reaching $930.99. 25,873 shares of the company’s stock traded hands. The firm has a 50 day moving average of $929.65 and a 200 day moving average of $926.43. Markel Corp. has a 1-year low of $791.97 and a 1-year high of $989.18. The firm has a market cap of $13.02 billion, a PE ratio of 24.45 and a beta of 0.87.
Markel Corp. (NYSE:MKL) last announced its earnings results on Tuesday, August 2nd. The company reported $5.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.39 by $0.98. Markel Corp. had a return on equity of 6.65% and a net margin of 9.78%. Analysts forecast that Markel Corp. will post $33.38 EPS for the current year.
Several analysts have issued reports on MKL shares. SunTrust Banks Inc. raised their price target on shares of Markel Corp. from $920.00 to $950.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Zacks Investment Research lowered shares of Markel Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th.
About Markel Corp.
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. The Company monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance.
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