BB&T Corp increased its holdings in Markel Co. (NYSE:MKL) by 14.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 386 shares of the insurance provider’s stock after acquiring an additional 48 shares during the quarter. BB&T Corp’s holdings in Markel were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Markel by 33.2% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 429 shares of the insurance provider’s stock worth $467,000 after buying an additional 107 shares during the last quarter. Parisi Gray Wealth Management boosted its holdings in shares of Markel by 7.4% in the second quarter. Parisi Gray Wealth Management now owns 859 shares of the insurance provider’s stock worth $936,000 after buying an additional 59 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Markel by 58.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 190 shares of the insurance provider’s stock worth $207,000 after buying an additional 70 shares during the last quarter. Banyan Capital Management Inc. boosted its holdings in shares of Markel by 0.6% in the second quarter. Banyan Capital Management Inc. now owns 8,004 shares of the insurance provider’s stock worth $8,721,000 after buying an additional 49 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of Markel by 1.0% in the second quarter. Parametric Portfolio Associates LLC now owns 57,138 shares of the insurance provider’s stock worth $62,258,000 after buying an additional 585 shares during the last quarter. 75.31% of the stock is currently owned by institutional investors.

In other Markel news, Vice Chairman Anthony F. Markel sold 78 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $1,174.21, for a total transaction of $91,588.38. Following the sale, the insider now owns 33,351 shares in the company, valued at approximately $39,161,077.71. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Steven A. Markel sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $1,170.60, for a total transaction of $292,650.00. Following the sale, the insider now owns 91,099 shares in the company, valued at approximately $106,640,489.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,278 shares of company stock worth $4,969,137. 2.34% of the stock is owned by company insiders.

Separately, ValuEngine cut shares of Markel from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $1,073.67.

NYSE MKL opened at $1,165.42 on Friday. Markel Co. has a 12 month low of $950.16 and a 12 month high of $1,216.47. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 56.77 and a beta of 0.75. The company’s 50 day moving average is $1,158.09 and its two-hundred day moving average is $1,113.65. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

Markel Profile

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.

See Also: Cost of equity and a company’s balance sheet

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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