Rothschild Asset Management Inc. Has $585,000 Stake in Markel Corporation (NYSE:MKL)
Rothschild Asset Management Inc. boosted its stake in Markel Corporation (NYSE:MKL) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 599 shares of the insurance provider’s stock after buying an additional 1 shares during the period. Rothschild Asset Management Inc.’s holdings in Markel Corporation were worth $585,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of MKL. Great West Life Assurance Co. Can boosted its stake in Markel Corporation by 1.9% in the second quarter. Great West Life Assurance Co. Can now owns 104,192 shares of the insurance provider’s stock valued at $101,417,000 after buying an additional 1,901 shares during the period. Janney Montgomery Scott LLC boosted its stake in Markel Corporation by 1.4% in the second quarter. Janney Montgomery Scott LLC now owns 5,530 shares of the insurance provider’s stock valued at $5,397,000 after buying an additional 75 shares during the period. Arthur M. Cohen & Associates LLC boosted its stake in Markel Corporation by 16.8% in the second quarter. Arthur M. Cohen & Associates LLC now owns 694 shares of the insurance provider’s stock valued at $689,000 after buying an additional 100 shares during the period. Steinberg Global Asset Management boosted its stake in Markel Corporation by 4.5% in the second quarter. Steinberg Global Asset Management now owns 7,828 shares of the insurance provider’s stock valued at $7,639,000 after buying an additional 339 shares during the period. Finally, Clarkston Capital Partners LLC boosted its stake in Markel Corporation by 7.7% in the second quarter. Clarkston Capital Partners LLC now owns 45,046 shares of the insurance provider’s stock valued at $43,959,000 after buying an additional 3,211 shares during the period. 76.38% of the stock is currently owned by institutional investors.
Shares of Markel Corporation (NYSE:MKL) opened at 1044.71 on Friday. Markel Corporation has a 12-month low of $811.05 and a 12-month high of $1,086.68. The company has a 50-day moving average of $1,010.30 and a 200 day moving average of $976.31. The company has a market cap of $14.53 billion, a PE ratio of 36.12 and a beta of 1.03.
Markel Corporation (NYSE:MKL) last released its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, topping analysts’ consensus estimates of $6.27 by $3.67. Markel Corporation had a return on equity of 4.81% and a net margin of 7.58%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. On average, equities research analysts expect that Markel Corporation will post $28.59 EPS for the current year.
WARNING: This story was originally posted by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/rothschild-asset-management-inc-has-585000-stake-in-markel-corporation-nysemkl/1476742.html.
Several research firms recently weighed in on MKL. BidaskClub upgraded shares of Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Boenning Scattergood set a $1,050.00 price target on shares of Markel Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, Zacks Investment Research cut shares of Markel Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $1,050.00.
In other Markel Corporation news, CEO Richard R. Whitt III sold 100 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $1,061.10, for a total value of $106,110.00. Following the sale, the chief executive officer now owns 12,139 shares in the company, valued at $12,880,692.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Steven A. Markel sold 3,875 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $1,074.48, for a total value of $4,163,610.00. Following the completion of the sale, the insider now owns 109,650 shares in the company, valued at approximately $117,816,732. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,525 shares of company stock worth $4,859,750. Insiders own 2.53% of the company’s stock.
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.
Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Corporation (NYSE:MKL).
Receive News & Ratings for Markel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.