Markel Co. (MKL) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI reduced its stake in shares of Markel Co. (NYSE:MKL) by 29.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 521 shares of the insurance provider’s stock after selling 218 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Markel were worth $556,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MKL. Proficio Capital Partners LLC grew its position in shares of Markel by 40.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock worth $101,000 after buying an additional 27 shares during the period. Korea Investment CORP grew its position in shares of Markel by 138.9% in the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock worth $126,000 after buying an additional 75 shares during the period. BDO Wealth Advisors LLC purchased a new stake in shares of Markel in the 2nd quarter worth about $166,000. Toronto Dominion Bank grew its position in shares of Markel by 11.0% in the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after buying an additional 17 shares during the period. Finally, First Capital Advisors Group LLC. purchased a new stake in shares of Markel in the 3rd quarter worth about $202,000. 76.89% of the stock is currently owned by institutional investors and hedge funds.

In related news, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $1,065.64, for a total transaction of $213,128.00. Following the sale, the insider now directly owns 109,550 shares of the company’s stock, valued at approximately $116,740,862. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alan I. Kirshner sold 100 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $1,077.70, for a total transaction of $107,770.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,269 shares of company stock worth $1,366,344 over the last three months. 2.53% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on MKL. SunTrust Banks reaffirmed a “hold” rating and issued a $1,100.00 target price on shares of Markel in a research report on Friday, October 27th. Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Markel from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $1,050.00 target price on shares of Markel in a research report on Tuesday, October 3rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $1,066.67.

Shares of Markel Co. (NYSE:MKL) opened at $1,110.94 on Friday. The firm has a market cap of $15,433.18, a PE ratio of 364.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. Markel Co. has a 1 year low of $612.00 and a 1 year high of $1,124.22.

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About Markel

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.

Institutional Ownership by Quarter for Markel (NYSE:MKL)

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