Sii Investments Inc. WI Continues to Hold Stake in Markel Corp. (MKL)
Sii Investments Inc. WI continued to hold its position in shares of Markel Corp. (NYSE:MKL) during the second quarter, Holdings Channel reports. The firm owned 274 shares of the company’s stock at the end of the second quarter. Sii Investments Inc. WI’s holdings in Markel Corp. were worth $262,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Nomura Asset Management Co. Ltd. raised its position in shares of Markel Corp. by 493.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,684 shares of the company’s stock valued at $1,488,000 after buying an additional 1,400 shares in the last quarter. Norges Bank acquired a new position in shares of Markel Corp. during the fourth quarter valued at about $101,310,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Markel Corp. by 9.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,304 shares of the company’s stock valued at $3,837,000 after buying an additional 377 shares in the last quarter. Sigma Planning Corp raised its position in shares of Markel Corp. by 7.0% in the first quarter. Sigma Planning Corp now owns 630 shares of the company’s stock valued at $562,000 after buying an additional 41 shares in the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Markel Corp. by 11.0% in the first quarter. Raymond James Trust N.A. now owns 516 shares of the company’s stock valued at $460,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.
Markel Corp. (NYSE:MKL) traded down 0.02% during midday trading on Monday, reaching $915.21. The company’s stock had a trading volume of 2,273 shares. The firm has a 50 day moving average of $934.11 and a 200 day moving average of $924.77. The firm has a market cap of $12.80 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 posted its earnings results on Tuesday, August 2nd. The company reported $5.41 EPS for the quarter, missing the 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%. Analysts anticipate that Markel Corp. will post $33.38 earnings per share for the current fiscal year.
MKL has been the subject of several research analyst reports. Zacks Investment Research lowered Markel Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 6th. SunTrust Banks Inc. boosted their price objective on Markel Corp. from $920.00 to $950.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th.
Markel Corp. Company Profile
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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