U.S. Capital Wealth Advisors LLC Purchases Shares of 25 Markel Co. (NYSE:MKL)

Posted by on May 3rd, 2023

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Markel Co. (NYSE:MKL – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 25 shares of the insurance provider’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its position in Markel by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 3,175 shares of the insurance provider’s stock valued at $3,442,000 after buying an additional 180 shares in the last quarter. Forsta AP Fonden lifted its position in shares of Markel by 9.2% during the fourth quarter. Forsta AP Fonden now owns 2,600 shares of the insurance provider’s stock worth $3,425,000 after purchasing an additional 220 shares in the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Markel during the third quarter worth $205,000. Somerset Trust Co acquired a new position in shares of Markel during the fourth quarter worth $202,000. Finally, Inspire Investing LLC lifted its position in shares of Markel by 12.6% during the third quarter. Inspire Investing LLC now owns 268 shares of the insurance provider’s stock worth $291,000 after purchasing an additional 30 shares in the last quarter. 75.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MKL. StockNews.com raised shares of Markel from a “hold” rating to a “buy” rating in a research report on Friday, April 28th. Truist Financial lifted their price target on shares of Markel from $1,300.00 to $1,400.00 and gave the stock a “hold” rating in a research note on Friday, February 3rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,516.67.

Insider Buying and Selling at Markel

In other Markel news, Director A. Lynne Puckett bought 75 shares of the stock in a transaction on Friday, April 28th. The stock was purchased at an average price of $1,340.66 per share, for a total transaction of $100,549.50. Following the completion of the purchase, the director now directly owns 1,031 shares in the company, valued at $1,382,220.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Thomas Sinnickson Gayner purchased 25 shares of the stock in a transaction dated Friday, February 3rd. The stock was acquired at an average price of $1,317.18 per share, for a total transaction of $32,929.50. Following the completion of the transaction, the chief executive officer now owns 42,109 shares of the company’s stock, valued at $55,465,132.62. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A. Lynne Puckett purchased 75 shares of the stock in a transaction dated Friday, April 28th. The shares were purchased at an average price of $1,340.66 per share, with a total value of $100,549.50. Following the transaction, the director now directly owns 1,031 shares of the company’s stock, valued at approximately $1,382,220.46. The disclosure for this purchase can be found here. 1.75% of the stock is owned by insiders.

Markel Stock Down 2.0 %

Shares of NYSE:MKL opened at $1,346.73 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.67 and a debt-to-equity ratio of 0.30. Markel Co. has a 12-month low of $1,064.09 and a 12-month high of $1,458.56. The company has a fifty day simple moving average of $1,299.75 and a 200 day simple moving average of $1,301.14. The firm has a market cap of $17.98 billion, a PE ratio of 65.31 and a beta of 0.78.

Markel (NYSE:MKL – Get Rating) last released its earnings results on Wednesday, February 1st. The insurance provider reported $26.15 earnings per share for the quarter, beating the consensus estimate of $18.47 by $7.68. Markel had a net margin of 2.58% and a return on equity of 8.13%. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.45 billion. On average, equities research analysts anticipate that Markel Co. will post 82.37 EPS for the current fiscal year.

Markel Company Profile

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Markel Corp. is a financial holding company, which engages in underwriting specialty insurance products for a variety of niche markets. It operates through the Insurance and Reinsurance segments. The Insurance segment includes all direct business and facultative placements written within the company’s underwriting operations.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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