Markel Corporation (MKL) Shares Bought by Aberdeen Asset Management PLC UK
Aberdeen Asset Management PLC UK boosted its position in shares of Markel Corporation (NYSE:MKL) by 125.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,837 shares of the insurance provider’s stock after buying an additional 1,022 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Markel Corporation were worth $1,793,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its position in Markel Corporation by 40.3% during the second 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 period. Korea Investment CORP increased its position in Markel Corporation by 138.9% during the second 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 period. Toronto Dominion Bank increased its position in Markel Corporation by 27.3% during the first quarter. Toronto Dominion Bank now owns 154 shares of the insurance provider’s stock worth $150,000 after buying an additional 33 shares during the period. BDO Wealth Advisors LLC acquired a new position in Markel Corporation during the second quarter worth approximately $166,000. Finally, Allen Investment Management LLC acquired a new position in Markel Corporation during the second quarter worth approximately $215,000. 76.47% of the stock is currently owned by institutional investors.
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A number of research firms have recently issued reports on MKL. Zacks Investment Research raised Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub lowered Markel Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Boenning Scattergood set a $1,050.00 target price on Markel Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $1,050.00.
In related news, EVP Bradley James Kiscaden sold 350 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 6,817 shares of the company’s stock, valued at approximately $7,325,275.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alan I. Kirshner sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $1,054.03, for a total value of $105,403.00. Following the completion of the sale, the insider now directly owns 25,555 shares in the company, valued at approximately $26,935,736.65. The disclosure for this sale can be found here. In the last three months, insiders sold 5,727 shares of company stock worth $6,118,092. Company insiders own 2.53% of the company’s stock.
Markel Corporation (NYSE:MKL) opened at 1053.26 on Tuesday. Markel Corporation has a 12-month low of $811.05 and a 12-month high of $1,086.68. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 36.42 and a beta of 1.04. The stock has a 50 day moving average price of $1,048.04 and a 200-day moving average price of $994.07.
Markel Corporation (NYSE:MKL) last announced its quarterly earnings results 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. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Markel Corporation had a return on equity of 4.81% and a net margin of 7.58%. Equities analysts forecast that Markel Corporation will post $27.56 earnings per share 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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