Oppenheimer & Co. Inc. raised its holdings in Markel Co. (NYSE:MKL – Get Rating) by 26.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 707 shares of the insurance provider’s stock after buying an additional 150 shares during the period. Oppenheimer & Co. Inc.’s holdings in Markel were worth $931,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dakota Wealth Management raised its holdings in shares of Markel by 8.4% in the 4th quarter. Dakota Wealth Management now owns 245 shares of the insurance provider’s stock valued at $323,000 after purchasing an additional 19 shares in the last quarter. Weil Company Inc. acquired a new stake in shares of Markel in the 4th quarter valued at $209,000. Lincoln National Corp raised its holdings in shares of Markel by 29.9% in the 4th quarter. Lincoln National Corp now owns 300 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 69 shares in the last quarter. Main Street Financial Solutions LLC raised its holdings in shares of Markel by 4.8% in the 4th quarter. Main Street Financial Solutions LLC now owns 926 shares of the insurance provider’s stock valued at $1,220,000 after purchasing an additional 42 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Markel by 2.8% in the 4th quarter. Arizona State Retirement System now owns 3,828 shares of the insurance provider’s stock valued at $5,043,000 after purchasing an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 75.96% of the company’s stock.
Markel Price Performance
Shares of NYSE:MKL opened at $1,373.87 on Friday. The company’s fifty day moving average price is $1,302.74 and its 200 day moving average price is $1,308.90. Markel Co. has a 12 month low of $1,064.09 and a 12 month high of $1,458.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $18.34 billion, a P/E ratio of 66.63 and a beta of 0.78.
Wall Street Analyst Weigh In
Insider Buying and Selling
In other Markel news, Director A. Lynne Puckett acquired 75 shares of the company’s stock in a transaction on Friday, April 28th. The shares were bought at an average cost of $1,340.66 per share, for a total transaction of $100,549.50. Following the completion of the purchase, the director now owns 1,031 shares in the company, valued at approximately $1,382,220.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Markel news, Director Morgan E. Housel acquired 19 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were bought at an average cost of $1,330.70 per share, for a total transaction of $25,283.30. Following the completion of the purchase, the director now owns 330 shares in the company, valued at approximately $439,131. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director A. Lynne Puckett acquired 75 shares of the company’s stock in a transaction on Friday, April 28th. The stock was acquired 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 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. Insiders have purchased 144 shares of company stock worth $193,829 in the last ninety days. 1.75% of the stock is owned by corporate insiders.
About Markel
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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