First Capital Advisors Group LLC. Buys New Position in Markel Corporation (MKL)
First Capital Advisors Group LLC. bought a new position in shares of Markel Corporation (NYSE:MKL) during the third quarter, according to its most recent filing with the SEC. The fund bought 189 shares of the insurance provider’s stock, valued at approximately $202,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Buffington Mohr McNeal bought a new stake in Markel Corporation in the 2nd quarter valued at about $475,000. Ackerman Capital Advisors LLC bought a new stake in Markel Corporation in the 2nd quarter valued at about $298,000. Toronto Dominion Bank raised its stake in Markel Corporation by 11.0% in the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after acquiring an additional 17 shares during the period. Royal Bank of Canada raised its stake in Markel Corporation by 2.4% in the 2nd quarter. Royal Bank of Canada now owns 28,484 shares of the insurance provider’s stock valued at $27,797,000 after acquiring an additional 665 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Markel Corporation by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 167,577 shares of the insurance provider’s stock valued at $163,532,000 after acquiring an additional 12,296 shares during the period. Institutional investors own 76.59% of the company’s stock.
In other Markel Corporation news, Vice Chairman Anthony F. Markel sold 169 shares of Markel Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $1,096.26, for a total transaction of $185,267.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman F. Michael Crowley sold 302 shares of Markel Corporation stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $1,047.20, for a total value of $316,254.40. Following the transaction, the insider now directly owns 6,956 shares of the company’s stock, valued at approximately $7,284,323.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,071 shares of company stock valued at $2,194,558 in the last ninety days. Insiders own 2.53% of the company’s stock.
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MKL has been the topic of a number of research reports. Boenning Scattergood set a $1,050.00 price objective on Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research cut Markel Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $1,050.00 price objective on shares of Markel Corporation in a research note on Tuesday, October 3rd. SunTrust Banks, Inc. restated a “hold” rating and issued a $1,100.00 price objective on shares of Markel Corporation in a research note on Friday, October 27th. Finally, BidaskClub raised Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Five 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 a consensus target price of $1,066.67.
Markel Corporation (MKL) opened at $1,073.00 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $14,906.01, a PE ratio of 351.80 and a beta of 1.05. Markel Corporation has a twelve month low of $825.07 and a twelve month high of $1,105.23.
Markel Corporation Profile
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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