Markel Co. (NYSE:MKL) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its position in shares of Markel Co. (NYSE:MKLGet Rating) by 49.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,666 shares of the insurance provider’s stock after selling 2,645 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Markel were worth $3,285,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MKL. Koshinski Asset Management Inc. raised its position in shares of Markel by 285.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 27 shares of the insurance provider’s stock valued at $33,000 after buying an additional 20 shares during the period. Achmea Investment Management B.V. purchased a new stake in Markel in the third quarter valued at $34,000. Gradient Investments LLC lifted its stake in shares of Markel by 200.0% in the 4th quarter. Gradient Investments LLC now owns 30 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 20 shares during the last quarter. CWM LLC purchased a new position in shares of Markel during the 4th quarter worth $37,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of Markel during the 4th quarter worth about $39,000. Institutional investors own 77.42% of the company’s stock.

In other Markel news, Director Steven A. Markel sold 1,500 shares of the stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $1,486.02, for a total value of $2,229,030.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony F. Markel sold 65 shares of Markel stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $1,266.38, for a total transaction of $82,314.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,065 shares of company stock worth $4,529,920. 1.74% of the stock is owned by corporate insiders.

MKL has been the topic of a number of research reports. StockNews.com began coverage on Markel in a research note on Thursday, March 31st. They set a “hold” rating on the stock. William Blair restated an “outperform” rating on shares of Markel in a report on Wednesday. Zacks Investment Research cut shares of Markel from a “hold” rating to a “sell” rating and set a $1,470.00 price target on the stock. in a research report on Friday. Finally, Truist Financial lifted their price objective on shares of Markel from $1,400.00 to $1,500.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1,506.67.

NYSE:MKL opened at $1,353.28 on Friday. Markel Co. has a 12-month low of $1,155.00 and a 12-month high of $1,519.24. The firm has a market cap of $18.36 billion, a PE ratio of 10.57 and a beta of 0.73. The company has a current ratio of 0.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $1,397.90 and a 200 day moving average price of $1,306.40.

Markel (NYSE:MKLGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The insurance provider reported $19.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $16.60 by $3.07. Markel had a return on equity of 6.30% and a net margin of 14.33%. During the same period last year, the company posted $10.12 EPS. Equities analysts forecast that Markel Co. will post 74.04 EPS for the current year.

About Markel (Get Rating)

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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