Security Asset Management increased its position in Markel Corporation (NYSE:MKL) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,548 shares of the insurance provider’s stock after acquiring an additional 164 shares during the period. Security Asset Management’s holdings in Markel Corporation were worth $1,653,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in Markel Corporation by 40.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after buying an additional 27 shares during the last quarter. Korea Investment CORP grew its holdings in Markel Corporation by 138.9% during the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after buying an additional 75 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in Markel Corporation during the 2nd quarter valued at $166,000. Toronto Dominion Bank grew its holdings in Markel Corporation by 11.0% during the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after buying an additional 17 shares during the last quarter. Finally, First Capital Advisors Group LLC. acquired a new stake in Markel Corporation during the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 76.78% of the company’s stock.

MKL has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $1,050.00 target price on shares of Markel Corporation in a report on Tuesday, October 3rd. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research cut Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. SunTrust Banks, Inc. reiterated a “hold” rating and set a $1,100.00 target price on shares of Markel Corporation in a report on Friday, October 27th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Markel Corporation in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $1,066.67.

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Shares of Markel Corporation (MKL) traded down $13.11 during trading on Monday, hitting $1,063.41. The company’s stock had a trading volume of 24,700 shares, compared to its average volume of 30,839. Markel Corporation has a one year low of $856.98 and a one year high of $1,105.23. The stock has a market cap of $14,772.79, a price-to-earnings ratio of 348.66 and a beta of 1.05. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.28.

In other Markel Corporation news, CEO Richard R. Whitt III sold 600 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $1,045.93, for a total transaction of $627,558.00. Following the transaction, the chief executive officer now owns 11,339 shares of the company’s stock, valued at approximately $11,859,800.27. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman F. Michael Crowley sold 302 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $1,047.20, for a total value of $316,254.40. Following the transaction, the insider now directly owns 6,956 shares in the company, valued at approximately $7,284,323.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,971 shares of company stock worth $2,090,048. Corporate insiders own 2.53% of the company’s stock.

Markel Corporation Profile

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.

Institutional Ownership by Quarter for Markel Corporation (NYSE:MKL)

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