Markel Corp. (MKL) Position Boosted by Hartford Investment Management Co.
Hartford Investment Management Co. increased its position in shares of Markel Corp. (NYSE:MKL) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 258 shares of the company’s stock after buying an additional 10 shares during the period. Hartford Investment Management Co.’s holdings in Markel Corp. were worth $246,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. First National Bank of Omaha raised its position in Markel Corp. by 0.3% in the second quarter. First National Bank of Omaha now owns 7,782 shares of the company’s stock worth $7,414,000 after buying an additional 27 shares during the period. Marathon Asset Management LLP raised its position in Markel Corp. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 17,576 shares of the company’s stock worth $16,741,000 after buying an additional 320 shares during the period. Union Bankshares Corp bought a new position in Markel Corp. during the second quarter worth $417,000. Douglass Winthrop Advisors LLC raised its position in Markel Corp. by 3.9% in the second quarter. Douglass Winthrop Advisors LLC now owns 59,530 shares of the company’s stock worth $47,735,000 after buying an additional 2,250 shares during the period. Finally, Creative Planning raised its position in Markel Corp. by 6.0% in the second quarter. Creative Planning now owns 2,159 shares of the company’s stock worth $2,057,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.
Shares of Markel Corp. (NYSE:MKL) traded down 0.45% during midday trading on Friday, reaching $915.41. The company had a trading volume of 24,609 shares. The company’s 50-day moving average is $934.11 and its 200-day moving average is $924.77. The firm has a market cap of $12.81 billion, a P/E ratio of 24.04 and a beta of 0.87. Markel Corp. has a 52-week low of $791.97 and a 52-week high of $989.18.
Markel Corp. (NYSE:MKL) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $5.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.39 by $0.98. Markel Corp. had a net margin of 9.78% and a return on equity of 6.65%. Equities research analysts expect that Markel Corp. will post $33.38 EPS for the current fiscal year.
A number of research firms recently weighed in on MKL. SunTrust Banks Inc. increased their price target on Markel Corp. from $920.00 to $950.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Zacks Investment Research downgraded Markel Corp. from a “strong-buy” rating to a “hold” rating in a research note 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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