Raymond James Financial Services Advisors Inc. cut its stake in shares of Markel Corporation (NYSE:MKL) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,602 shares of the company’s stock after selling 342 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Markel Corporation were worth $3,258,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in MKL. Toronto Dominion Bank increased its stake in shares of Markel Corporation by 55.8% in the third quarter. Toronto Dominion Bank now owns 120 shares of the company’s stock valued at $111,000 after buying an additional 43 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Markel Corporation by 44.2% in the second quarter. IFP Advisors Inc now owns 150 shares of the company’s stock valued at $143,000 after buying an additional 46 shares in the last quarter. Roble Belko & Company Inc purchased a new stake in shares of Markel Corporation during the second quarter valued at $162,000. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Markel Corporation during the third quarter valued at $223,000. Finally, Invictus RG purchased a new stake in shares of Markel Corporation during the second quarter valued at $225,000. 75.10% of the stock is currently owned by institutional investors and hedge funds.
Markel Corporation (NYSE:MKL) traded up 0.512% on Monday, reaching $948.345. 22,301 shares of the company traded hands. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 30.328 and a beta of 0.91. Markel Corporation has a 1-year low of $811.05 and a 1-year high of $989.18. The stock has a 50 day moving average of $912.67 and a 200-day moving average of $909.69.
Markel Corporation (NYSE:MKL) last announced its quarterly earnings results on Thursday, February 9th. The company reported $9.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.23 by $3.88. The firm earned $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Markel Corporation had a return on equity of 5.38% and a net margin of 8.12%. On average, equities analysts anticipate that Markel Corporation will post $28.38 EPS for the current year.
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Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Markel Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 8th. William Blair downgraded shares of Markel Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 17th.
In related news, Vice Chairman Anthony F. Markel sold 105 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $896.00, for a total value of $94,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.65% of the company’s stock.
About Markel Corporation
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. The Company monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance.
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