Portland Global Advisors LLC Sells 150 Shares of Markel Co. (NYSE:MKL)

Portland Global Advisors LLC decreased its position in shares of Markel Co. (NYSE:MKLGet Rating) by 40.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220 shares of the insurance provider’s stock after selling 150 shares during the quarter. Portland Global Advisors LLC’s holdings in Markel were worth $271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Koshinski Asset Management Inc. grew 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 worth $33,000 after buying an additional 20 shares in the last quarter. Achmea Investment Management B.V. purchased a new stake in shares of Markel during the 3rd quarter worth $34,000. Gradient Investments LLC lifted its stake in shares of Markel by 200.0% during the 4th quarter. Gradient Investments LLC now owns 30 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 20 shares during the last quarter. CWM LLC purchased a new stake in Markel in the fourth quarter valued at about $37,000. Finally, Covestor Ltd purchased a new stake in Markel in the fourth quarter valued at about $37,000. 77.07% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Anthony F. Markel bought 80 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $1,305.14 per share, with a total value of $104,411.20. Following the purchase, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $3,458,621. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 1,500 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders acquired 208 shares of company stock worth $272,649 in the last 90 days. Company insiders own 1.74% of the company’s stock.

Shares of NYSE MKL traded up $32.47 during midday trading on Tuesday, hitting $1,357.58. The stock had a trading volume of 895 shares, compared to its average volume of 51,121. The company has a market capitalization of $18.42 billion, a PE ratio of 10.59 and a beta of 0.74. The stock has a 50 day simple moving average of $1,416.13 and a 200-day simple moving average of $1,307.01. Markel Co. has a 1 year low of $1,155.00 and a 1 year high of $1,519.24. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.33.

Markel (NYSE:MKLGet Rating) last released its earnings results on Tuesday, April 26th. The insurance provider reported $19.67 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the firm earned $10.12 EPS. As a group, analysts expect that Markel Co. will post 72.97 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. StockNews.com assumed coverage on Markel in a research note on Thursday, March 31st. They issued a “hold” rating for the company. William Blair reaffirmed an “outperform” rating on shares of Markel in a report on Wednesday, April 27th. Zacks Investment Research lowered Markel from a “hold” rating to a “sell” rating and set a $1,470.00 price objective on the stock. in a report on Friday, April 29th. Finally, Truist Financial raised their price objective on Markel from $1,400.00 to $1,500.00 in a report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $1,506.67.

Markel Profile (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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