Montag A & Associates Inc. trimmed its position in Markel Co. (NYSE:MKL) by 14.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,665 shares of the insurance provider’s stock after selling 929 shares during the period. Montag A & Associates Inc.’s holdings in Markel were worth $6,695,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MKL. Nuveen Asset Management LLC bought a new stake in Markel in the 2nd quarter worth about $53,915,000. Citadel Advisors LLC boosted its stake in Markel by 545.4% in the second quarter. Citadel Advisors LLC now owns 58,282 shares of the insurance provider’s stock valued at $63,504,000 after acquiring an additional 49,251 shares during the last quarter. Balyasny Asset Management LLC boosted its stake in Markel by 147.0% in the second quarter. Balyasny Asset Management LLC now owns 61,574 shares of the insurance provider’s stock valued at $67,091,000 after acquiring an additional 36,649 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Markel by 43.2% in the second quarter. Mackenzie Financial Corp now owns 116,926 shares of the insurance provider’s stock valued at $127,403,000 after acquiring an additional 35,278 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its stake in Markel by 23.9% in the second quarter. DF Dent & Co. Inc. now owns 158,028 shares of the insurance provider’s stock valued at $172,187,000 after acquiring an additional 30,487 shares during the last quarter. 75.31% of the stock is owned by institutional investors and hedge funds.

In other Markel news, Vice Chairman Steven A. Markel sold 250 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $1,170.60, for a total value of $292,650.00. Following the sale, the insider now directly owns 91,099 shares in the company, valued at approximately $106,640,489.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Alan I. Kirshner sold 200 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $1,151.92, for a total transaction of $230,384.00. Following the completion of the sale, the chairman now owns 21,585 shares in the company, valued at $24,864,193.20. The disclosure for this sale can be found here. Insiders have sold a total of 4,278 shares of company stock worth $4,969,137 over the last 90 days. 2.34% of the stock is currently owned by corporate insiders.

MKL traded down $9.08 during midday trading on Friday, reaching $1,165.42. The company had a trading volume of 20,963 shares, compared to its average volume of 41,685. The stock has a market cap of $16.15 billion, a PE ratio of 56.77 and a beta of 0.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 0.60. The business has a 50-day moving average price of $1,158.67 and a two-hundred day moving average price of $1,112.90. Markel Co. has a 12-month low of $950.16 and a 12-month high of $1,216.47.

Separately, ValuEngine cut shares of Markel from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Markel has a consensus rating of “Hold” and a consensus price target of $1,073.67.

Markel Company Profile

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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