MainStreet Investment Advisors LLC Invests $828,000 in Markel Co. (NYSE:MKL)
MainStreet Investment Advisors LLC purchased a new position in shares of Markel Co. (NYSE:MKL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 760 shares of the insurance provider’s stock, valued at approximately $828,000.
Several other hedge funds have also recently bought and sold shares of the company. Advisory Alpha LLC purchased a new stake in shares of Markel in the 1st quarter valued at about $28,000. MCF Advisors LLC raised its holdings in shares of Markel by 52.0% in the 1st quarter. MCF Advisors LLC now owns 38 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 13 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Markel by 45.5% in the 1st quarter. Lindbrook Capital LLC now owns 64 shares of the insurance provider’s stock valued at $63,000 after acquiring an additional 20 shares in the last quarter. NEXT Financial Group Inc raised its holdings in shares of Markel by 40.4% in the 2nd quarter. NEXT Financial Group Inc now owns 66 shares of the insurance provider’s stock valued at $72,000 after acquiring an additional 19 shares in the last quarter. Finally, Farmers National Bank purchased a new stake in shares of Markel in the 1st quarter valued at about $85,000. Institutional investors own 75.04% of the company’s stock.
A number of brokerages recently weighed in on MKL. Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd. ValuEngine cut Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a report on Thursday, April 25th. TheStreet cut Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. Deutsche Bank began coverage on Markel in a report on Thursday, May 23rd. They set a “hold” rating and a $1,000.00 price objective on the stock. Finally, SunTrust Banks raised their price objective on Markel to $1,100.00 and gave the company a “hold” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $1,130.25.
Shares of NYSE MKL traded down $0.64 during trading hours on Monday, reaching $1,120.60. 2,271 shares of the stock traded hands, compared to its average volume of 30,078. The stock has a market cap of $15.53 billion, a P/E ratio of 54.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.55 and a quick ratio of 0.55. Markel Co. has a 52-week low of $950.16 and a 52-week high of $1,228.32. The business’s 50-day moving average is $1,094.24.
Markel (NYSE:MKL) last posted its quarterly earnings results on Tuesday, April 30th. The insurance provider reported $9.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.41 by ($0.17). Markel had a return on equity of 8.76% and a net margin of 6.73%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.87 billion. Analysts predict that Markel Co. will post 36.81 earnings per share for the current year.
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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