Confluence Investment Management LLC increased its position in Markel Corp. (NYSE:MKL) by 3.1% during the second quarter, Holdings Channel reports. The institutional investor owned 54,915 shares of the company’s stock after buying an additional 1,666 shares during the period. Markel Corp. makes up about 1.4% of Confluence Investment Management LLC’s holdings, making the stock its 28th largest position. Confluence Investment Management LLC’s holdings in Markel Corp. were worth $52,322,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of MKL. Prudential Financial Inc. raised its stake in shares of Markel Corp. by 0.5% in the first quarter. Prudential Financial Inc. now owns 972 shares of the company’s stock worth $867,000 after buying an additional 5 shares in the last quarter. Hartford Investment Management Co. raised its stake in shares of Markel Corp. by 4.0% in the second quarter. Hartford Investment Management Co. now owns 258 shares of the company’s stock worth $246,000 after buying an additional 10 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Markel Corp. by 8.3% in the second quarter. Checchi Capital Advisers LLC now owns 182 shares of the company’s stock worth $173,000 after buying an additional 14 shares in the last quarter. First National Bank of Omaha raised its stake in shares of Markel Corp. by 0.3% in the second quarter. First National Bank of Omaha now owns 7,782 shares of the company’s stock worth $7,414,000 after buying an additional 27 shares in the last quarter. Finally, Pitcairn Co. raised its stake in shares of Markel Corp. by 5.0% in the second quarter. Pitcairn Co. now owns 563 shares of the company’s stock worth $536,000 after buying an additional 27 shares in the last quarter. 75.11% of the stock is owned by hedge funds and other institutional investors.
Shares of Markel Corp. (NYSE:MKL) traded down 1.02% during trading on Friday, hitting $921.83. The stock had a trading volume of 16,359 shares. The stock has a 50 day moving average of $929.93 and a 200 day moving average of $926.47. The firm has a market cap of $12.90 billion, a PE ratio of 24.21 and a beta of 0.87. Markel Corp. has a 52-week low of $791.97 and a 52-week high of $989.18.
Markel Corp. (NYSE:MKL) last posted its earnings results on Tuesday, August 2nd. The company reported $5.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.39 by $0.98. Markel Corp. had a return on equity of 6.65% and a net margin of 9.78%. On average, equities analysts anticipate that Markel Corp. will post $33.38 EPS for the current year.
A number of brokerages have commented on MKL. SunTrust Banks Inc. boosted their price objective on Markel Corp. from $920.00 to $950.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Zacks Investment Research downgraded Markel Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 6th.
Markel Corp. Company Profile
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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