527 Shares in Markel Corporation (MKL) Acquired by Crossmark Global Holdings Inc.
Crossmark Global Holdings Inc. acquired a new position in shares of Markel Corporation (NYSE:MKL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 527 shares of the insurance provider’s stock, valued at approximately $563,000.
Several other large investors also recently modified their holdings of MKL. Proficio Capital Partners LLC lifted its position in shares of Markel Corporation by 40.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock worth $101,000 after buying an additional 27 shares during the last quarter. Korea Investment CORP lifted its position in shares of Markel Corporation by 138.9% during the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock worth $126,000 after buying an additional 75 shares during the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Markel Corporation during the 2nd quarter worth approximately $166,000. Toronto Dominion Bank lifted its position in shares of Markel Corporation by 11.0% during the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after buying an additional 17 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in shares of Markel Corporation by 775.0% during the 2nd quarter. Quantbot Technologies LP now owns 210 shares of the insurance provider’s stock worth $204,000 after buying an additional 186 shares during the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.
Markel Corporation (NYSE:MKL) opened at $1,069.00 on Friday. The company has a market cap of $14,800.00, a price-to-earnings ratio of 353.38 and a beta of 1.05. Markel Corporation has a 1-year low of $870.07 and a 1-year high of $1,105.23. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55.
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Several analysts have recently weighed in on MKL shares. BidaskClub upgraded shares of Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Boenning Scattergood restated a “buy” rating on shares of Markel Corporation in a research report on Thursday, October 26th. SunTrust Banks, Inc. restated a “hold” rating and set a $1,100.00 price objective on shares of Markel Corporation in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Markel Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $1,050.00 target price on shares of Markel Corporation in a report on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Markel Corporation has an average rating of “Hold” and an average target price of $1,066.67.
In other news, CEO Richard R. Whitt III sold 600 shares of Markel Corporation stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $1,045.93, for a total value of $627,558.00. Following the transaction, the chief executive officer now directly owns 11,339 shares of the company’s stock, valued at approximately $11,859,800.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lemuel E. Lewis bought 1,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average cost of $1,080.96 per share, for a total transaction of $1,080,960.00. Following the completion of the acquisition, the director now directly owns 5,294 shares in the company, valued at $5,722,602.24. The disclosure for this purchase can be found here. Insiders sold a total of 1,869 shares of company stock worth $1,988,182 over the last ninety days. Corporate insiders own 2.53% of the company’s stock.
About Markel Corporation
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.
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