Community Trust & Investment Co. Decreases Stake in Markel Co. (NYSE:MKL)

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Community Trust & Investment Co. decreased its position in Markel Co. (NYSE:MKL) by 26.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,152 shares of the insurance provider’s stock after selling 3,671 shares during the period. Community Trust & Investment Co. owned 0.07% of Markel worth $11,999,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Advisory Alpha LLC bought a new position in shares of Markel during the 1st quarter valued at approximately $28,000. North Star Investment Management Corp. bought a new position in Markel in the 3rd quarter worth approximately $40,000. Steward Partners Investment Advisory LLC bought a new position in Markel in the 2nd quarter worth approximately $40,000. Prestige Wealth Management Group LLC bought a new position in Markel in the 2nd quarter worth approximately $54,000. Finally, Glassman Wealth Services boosted its holdings in Markel by 190.5% in the 2nd quarter. Glassman Wealth Services now owns 61 shares of the insurance provider’s stock worth $66,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 75.36% of the company’s stock.

NYSE:MKL traded up $10.30 during trading hours on Friday, hitting $1,155.15. The stock had a trading volume of 240 shares, compared to its average volume of 34,371. The company has a 50 day simple moving average of $1,163.13 and a two-hundred day simple moving average of $1,091.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.58 and a quick ratio of 0.58. Markel Co. has a one year low of $950.16 and a one year high of $1,216.47. The firm has a market capitalization of $15.83 billion, a price-to-earnings ratio of 56.13 and a beta of 0.77.

Markel (NYSE:MKL) last announced its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $11.84 EPS for the quarter. Markel had a net margin of 9.07% and a return on equity of 7.38%. The firm had revenue of $2.01 billion during the quarter. Equities research analysts anticipate that Markel Co. will post 37.15 earnings per share for the current year.

In other Markel news, Vice Chairman Anthony F. Markel sold 41 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $1,118.24, for a total value of $45,847.84. Following the completion of the transaction, the insider now directly owns 99,338 shares of the company’s stock, valued at approximately $111,083,725.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Steven A. Markel sold 2,955 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,111.37, for a total transaction of $3,284,098.35. Following the completion of the transaction, the insider now directly owns 98,132 shares of the company’s stock, valued at $109,060,960.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,314 shares of company stock valued at $7,146,415. Insiders own 2.34% of the company’s stock.

Several research analysts recently commented on MKL shares. Boenning Scattergood reaffirmed an “outperform” rating on shares of Markel in a report on Monday, July 1st. ValuEngine downgraded shares of Markel from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Markel currently has an average rating of “Hold” and an average price target of $1,130.25.

Markel Company Profile

Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers' compensation insurance products.

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Institutional Ownership by Quarter for Markel (NYSE:MKL)

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