Markel Co. (MKL) Stake Lowered by Epoch Investment Partners Inc.
Epoch Investment Partners Inc. decreased its position in shares of Markel Co. (NYSE:MKL) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,223 shares of the insurance provider’s stock after selling 1,366 shares during the quarter. Epoch Investment Partners Inc. owned 0.27% of Markel worth $39,753,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of MKL. Proficio Capital Partners LLC lifted its position in Markel by 40.3% during the second quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 27 shares during the period. Korea Investment CORP lifted its position in Markel by 138.9% during the second quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 75 shares during the period. BDO Wealth Advisors LLC bought a new position in Markel during the second quarter valued at approximately $166,000. Toronto Dominion Bank lifted its position in Markel by 11.0% during the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 17 shares during the period. Finally, First Capital Advisors Group LLC. bought a new position in Markel during the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 76.89% of the company’s stock.
MKL has been the topic of several recent research reports. Boenning Scattergood reiterated a “buy” rating on shares of Markel in a research report on Thursday, October 26th. SunTrust Banks reiterated a “hold” rating and issued a $1,100.00 price target on shares of Markel in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Markel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $1,050.00 price target on shares of Markel in a research report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $1,066.67.
In other news, insider Alan I. Kirshner sold 100 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $1,077.70, for a total transaction of $107,770.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $1,065.64, for a total transaction of $213,128.00. Following the sale, the insider now owns 109,550 shares in the company, valued at $116,740,862. The disclosure for this sale can be found here. Insiders have sold a total of 1,269 shares of company stock worth $1,366,344 over the last 90 days. Insiders own 2.53% of the company’s stock.
Shares of Markel Co. (MKL) traded down $0.41 during mid-day trading on Wednesday, hitting $1,112.05. 34,200 shares of the stock traded hands, compared to its average volume of 6,333. The company has a market cap of $15,454.18, a P/E ratio of 364.74 and a beta of 1.05. Markel Co. has a 12-month low of $612.00 and a 12-month high of $1,124.22. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28.
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Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.
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