First Trust Advisors LP trimmed its holdings in Markel Co. (NYSE:MKL) by 83.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 354 shares of the insurance provider’s stock after selling 1,748 shares during the quarter. First Trust Advisors LP’s holdings in Markel were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Neuberger Berman Group LLC lifted its stake in Markel by 0.5% during the second quarter. Neuberger Berman Group LLC now owns 428 shares of the insurance provider’s stock valued at $418,000 after buying an additional 2 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Markel by 1.1% during the second quarter. Flagship Harbor Advisors LLC now owns 273 shares of the insurance provider’s stock valued at $268,000 after buying an additional 3 shares in the last quarter. Davidson & Garrard Inc. lifted its stake in Markel by 0.6% during the second quarter. Davidson & Garrard Inc. now owns 529 shares of the insurance provider’s stock valued at $516,000 after buying an additional 3 shares in the last quarter. Chilton Investment Co. LLC lifted its stake in Markel by 2.4% during the second quarter. Chilton Investment Co. LLC now owns 253 shares of the insurance provider’s stock valued at $247,000 after buying an additional 6 shares in the last quarter. Finally, Comerica Bank lifted its stake in Markel by 1.4% during the second quarter. Comerica Bank now owns 590 shares of the insurance provider’s stock valued at $603,000 after buying an additional 8 shares in the last quarter. 76.89% of the stock is owned by institutional investors.

In other news, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $1,065.64, for a total value of $213,128.00. Following the completion of the sale, the insider now directly owns 109,550 shares of the company’s stock, valued at $116,740,862. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lemuel E. Lewis purchased 1,000 shares of Markel stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $1,080.96 per share, with a total value of $1,080,960.00. Following the completion of the transaction, the director now directly owns 5,294 shares of the company’s stock, valued at $5,722,602.24. The disclosure for this purchase can be found here. Insiders sold 1,269 shares of company stock valued at $1,366,344 over the last three months. 2.53% of the stock is owned by insiders.

A number of analysts have recently issued reports on MKL shares. Royal Bank Of Canada reissued a “hold” rating and issued a $1,050.00 price target on shares of Markel in a research report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Markel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. SunTrust Banks reissued a “hold” rating and issued a $1,100.00 price target on shares of Markel in a research report on Friday, October 27th. Finally, Boenning Scattergood reissued a “buy” rating on shares of Markel in a research report on Thursday, October 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Markel presently has a consensus rating of “Hold” and an average price target of $1,066.67.

Markel Co. (MKL) traded up $12.28 during midday trading on Monday, hitting $1,110.94. 26,300 shares of the stock were exchanged, compared to its average volume of 6,637. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $15,433.07, a price-to-earnings ratio of 364.24 and a beta of 1.05. Markel Co. has a 1-year low of $612.00 and a 1-year high of $1,124.22.

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Markel 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.

Institutional Ownership by Quarter for Markel (NYSE:MKL)

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