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.

In related news, insider Alan I. Kirshner sold 200 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $1,106.17, for a total transaction of $221,234.00. Following the transaction, the insider now directly owns 21,785 shares in the company, valued at approximately $24,097,913.45. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Anthony F. Markel sold 43 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $1,060.66, for a total value of $45,608.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,143 shares of company stock worth $1,257,211. 2.34% of the stock is owned by corporate insiders.

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.

About Markel

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.

Featured Story: Blockchain

Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Co. (NYSE:MKL).

Institutional Ownership by Quarter for Markel (NYSE:MKL)

Receive News & Ratings for Markel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel and related companies with MarketBeat.com's FREE daily email newsletter.