Markel Corporation (MKL) Holdings Boosted by Virtu KCG Holdings LLC
Virtu KCG Holdings LLC boosted its holdings in Markel Corporation (NYSE:MKL) by 64.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 397 shares of the insurance provider’s stock after buying an additional 155 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Markel Corporation were worth $387,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC raised its position in Markel Corporation by 40.3% in 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 raised its position in Markel Corporation by 138.9% in 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 position in Markel Corporation in the 2nd quarter worth about $166,000. Quantbot Technologies LP raised its position in Markel Corporation by 775.0% in 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. Finally, Allen Investment Management LLC purchased a new position in Markel Corporation in the 2nd quarter worth about $215,000. 76.47% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on MKL. Zacks Investment Research lowered Markel Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $1,050.00 target price on shares of Markel Corporation in a research report on Tuesday, October 3rd. BidaskClub upgraded Markel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Boenning Scattergood set a $1,050.00 price target on Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Markel Corporation has a consensus rating of “Hold” and an average target price of $1,050.00.
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In other news, EVP Bradley James Kiscaden sold 350 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $1,074.56, for a total value of $376,096.00. Following the completion of the transaction, the executive vice president now directly owns 6,817 shares in the company, valued at $7,325,275.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard R. Whitt III sold 100 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $1,085.31, for a total value of $108,531.00. Following the completion of the transaction, the chief executive officer now owns 12,239 shares of the company’s stock, valued at $13,283,109.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,027 shares of company stock valued at $6,438,990. Company insiders own 2.53% of the company’s stock.
Shares of Markel Corporation (NYSE:MKL) opened at 1070.98 on Friday. Markel Corporation has a 1-year low of $811.05 and a 1-year high of $1,105.23. The company has a market capitalization of $14.90 billion, a P/E ratio of 37.03 and a beta of 1.03. The firm’s 50 day moving average price is $1,054.36 and its 200-day moving average price is $1,007.13.
Markel Corporation (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.27 by $3.67. Markel Corporation had a return on equity of 4.81% and a net margin of 7.58%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Analysts expect that Markel Corporation will post $22.23 EPS for the current year.
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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