Kestra Advisory Services LLC Sells 119 Shares of Markel Co. (NYSE:MKL)


Kestra Advisory Services LLC trimmed its stake in Markel Co. (NYSE:MKL – Get Rating) by 12.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 819 shares of the insurance provider’s stock after selling 119 shares during the quarter. Kestra Advisory Services LLC’s holdings in Markel were worth $1,208,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co purchased a new position in shares of Markel in the first quarter worth $32,000. CWM LLC purchased a new position in shares of Markel in the fourth quarter worth $37,000. Covestor Ltd purchased a new position in shares of Markel in the fourth quarter worth $37,000. Maryland Capital Advisors Inc. purchased a new position in shares of Markel in the fourth quarter worth $39,000. Finally, UMB Bank NA MO purchased a new position in shares of Markel in the fourth quarter worth $42,000. 77.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MKL has been the subject of several recent analyst reports. William Blair restated an “outperform” rating on shares of Markel in a research note on Wednesday, April 27th. StockNews.com began coverage on Markel in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Truist Financial upped their price objective on Markel from $1,400.00 to $1,500.00 in a research report on Thursday, April 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Markel has a consensus rating of “Hold” and a consensus target price of $1,525.00.

Markel Stock Up 2.3%

Markel stock opened at $1,272.57 on Monday. The stock has a market cap of $17.27 billion, a PE ratio of 9.94 and a beta of 0.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.66 and a current ratio of 0.66. Markel Co. has a one year low of $1,176.52 and a one year high of $1,519.24. The stock has a fifty day moving average of $1,321.19 and a 200 day moving average of $1,329.49.

Markel (NYSE:MKL – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The insurance provider reported $11.33 EPS for the quarter, missing analysts’ consensus estimates of $16.79 by ($5.46). The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Markel had a net margin of 14.33% and a return on equity of 6.30%. During the same quarter last year, the company posted $10.12 EPS. As a group, sell-side analysts predict that Markel Co. will post 72.97 EPS for the current year.

Insiders Place Their Bets

In related news, Director A. Lynne Puckett purchased 78 shares of Markel stock in a transaction on Friday, May 6th. The stock was acquired at an average price of $1,319.71 per share, for a total transaction of $102,937.38. Following the completion of the transaction, the director now directly owns 603 shares in the company, valued at approximately $795,785.13. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director A. Lynne Puckett purchased 78 shares of Markel stock in a transaction on Friday, May 6th. The stock was acquired at an average price of $1,319.71 per share, for a total transaction of $102,937.38. Following the completion of the transaction, the director now directly owns 603 shares in the company, valued at approximately $795,785.13. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 50 shares of Markel stock in a transaction on Monday, May 9th. The stock was bought at an average price of $1,306.00 per share, with a total value of $65,300.00. Following the transaction, the chief executive officer now owns 42,027 shares of the company’s stock, valued at $54,887,262. The disclosure for this purchase can be found here. Insiders purchased a total of 208 shares of company stock worth $272,649 over the last quarter. 1.74% of the stock is currently owned by corporate insiders.

Markel Profile

(GetRating)

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, the 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.

Feature Stories

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Institutional Ownership by Quarter for Markel (NYSE:MKL)



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