Jupiter Asset Management Ltd. increased its position in Markel Co. (NYSE:MKL) by 84.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,997 shares of the insurance provider’s stock after acquiring an additional 3,208 shares during the period. Jupiter Asset Management Ltd.’s holdings in Markel were worth $8,003,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in MKL. Reby Advisors LLC acquired a new stake in shares of Markel in the 4th quarter worth about $26,000. Crewe Advisors LLC increased its holdings in shares of Markel by 60.0% in the 1st quarter. Crewe Advisors LLC now owns 24 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 9 shares during the period. Carmichael Hill & Associates Inc. increased its holdings in shares of Markel by 33.3% in the 1st quarter. Carmichael Hill & Associates Inc. now owns 40 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 10 shares during the period. Total Clarity Wealth Management Inc. acquired a new position in Markel during the 1st quarter valued at about $52,000. Finally, Trustcore Financial Services LLC acquired a new position in Markel during the 1st quarter valued at about $54,000. 76.08% of the stock is currently owned by institutional investors and hedge funds.
In other Markel news, Director Steven A. Markel sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, April 20th. The shares were sold at an average price of $1,203.81, for a total value of $1,805,715.00. Following the completion of the transaction, the director now directly owns 86,761 shares in the company, valued at $104,443,759.41. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A. Lynne Puckett bought 82 shares of the firm’s stock in a transaction on Thursday, May 6th. The stock was purchased at an average price of $1,195.35 per share, with a total value of $98,018.70. Following the completion of the acquisition, the director now owns 337 shares of the company’s stock, valued at $402,832.95. The disclosure for this purchase can be found here. Insiders sold a total of 4,000 shares of company stock worth $4,802,524 in the last ninety days. Corporate insiders own 1.97% of the company’s stock.
Shares of MKL opened at $1,201.98 on Friday. The stock has a 50 day simple moving average of $1,201.99. The firm has a market cap of $16.54 billion, a PE ratio of 6.07 and a beta of 0.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.68 and a quick ratio of 0.68. Markel Co. has a 12-month low of $880.59 and a 12-month high of $1,268.96.
Markel (NYSE:MKL) last announced its quarterly earnings data on Wednesday, April 28th. The insurance provider reported $10.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $11.37 by ($1.25). The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.45 billion. Markel had a return on equity of 5.69% and a net margin of 22.62%. On average, equities research analysts forecast that Markel Co. will post 56.63 earnings per share for the current fiscal year.
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, Latin America, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.
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