Epoch Investment Partners Inc. decreased its position in Markel Corporation (NYSE:MKL) by 7.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,928 shares of the insurance provider’s stock after selling 3,531 shares during the period. Epoch Investment Partners Inc.’s holdings in Markel Corporation were worth $40,916,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Markel Corporation by 4,055.3% in the first quarter. BlackRock Inc. now owns 832,548 shares of the insurance provider’s stock worth $812,449,000 after buying an additional 812,512 shares during the period. Renaissance Technologies LLC raised its position in Markel Corporation by 17.4% in the first quarter. Renaissance Technologies LLC now owns 155,281 shares of the insurance provider’s stock worth $151,533,000 after buying an additional 22,981 shares during the period. Morgan Stanley raised its position in Markel Corporation by 8.0% in the first quarter. Morgan Stanley now owns 11,031 shares of the insurance provider’s stock worth $10,764,000 after buying an additional 816 shares during the period. Dimensional Fund Advisors LP raised its position in Markel Corporation by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 54,704 shares of the insurance provider’s stock worth $53,378,000 after buying an additional 987 shares during the period. Finally, Geode Capital Management LLC raised its position in Markel Corporation by 3.2% in the first quarter. Geode Capital Management LLC now owns 103,743 shares of the insurance provider’s stock worth $101,200,000 after buying an additional 3,217 shares during the period. 75.71% of the stock is currently owned by institutional investors.
Markel Corporation (NYSE MKL) traded up 0.37% during midday trading on Wednesday, hitting $992.04. The company had a trading volume of 17,711 shares. The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 41.29 and a beta of 0.99. The stock has a 50 day moving average of $971.08 and a 200 day moving average of $945.44. Markel Corporation has a 52-week low of $811.05 and a 52-week high of $996.38.
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A number of equities analysts have weighed in on the company. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Markel Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Finally, Boenning Scattergood started coverage on Markel Corporation in a research note on Thursday, March 2nd. They issued an “outperform” rating and a $1,050.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $1,000.00.
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. 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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