Markel Corp Buys 27,500 Shares of KKR & Co Inc (NYSE:KKR)

Share on StockTwits

Markel Corp boosted its stake in KKR & Co Inc (NYSE:KKR) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,326,000 shares of the asset manager’s stock after acquiring an additional 27,500 shares during the period. Markel Corp owned 0.24% of KKR & Co Inc worth $33,508,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of KKR. Diamond Hill Capital Management Inc. purchased a new position in shares of KKR & Co Inc in the first quarter worth about $113,172,000. BlackRock Inc. increased its stake in shares of KKR & Co Inc by 35.9% in the first quarter. BlackRock Inc. now owns 14,471,966 shares of the asset manager’s stock worth $339,948,000 after purchasing an additional 3,823,413 shares in the last quarter. Iridian Asset Management LLC CT increased its stake in shares of KKR & Co Inc by 3,806.8% in the first quarter. Iridian Asset Management LLC CT now owns 3,817,419 shares of the asset manager’s stock worth $89,671,000 after purchasing an additional 3,719,706 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of KKR & Co Inc in the first quarter worth about $44,185,000. Finally, Cambiar Investors LLC purchased a new position in shares of KKR & Co Inc in the second quarter worth about $43,353,000. Hedge funds and other institutional investors own 77.36% of the company’s stock.

KKR has been the subject of several recent research reports. Credit Suisse Group downgraded shares of KKR & Co Inc from an “outperform” rating to a “neutral” rating and set a $29.00 target price for the company. in a research note on Tuesday, May 21st. Citigroup set a $34.00 target price on shares of KKR & Co Inc and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays initiated coverage on shares of KKR & Co Inc in a research note on Monday, August 5th. They issued an “equal weight” rating and a $29.00 target price for the company. Finally, ValuEngine downgraded shares of KKR & Co Inc from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. KKR & Co Inc currently has an average rating of “Hold” and a consensus target price of $28.70.

In other news, major shareholder Genetic Disorder L.P. Kkr acquired 2,647,100 shares of KKR & Co Inc stock in a transaction that occurred on Monday, July 1st. The stock was bought at an average price of $17.00 per share, with a total value of $45,000,700.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel David Sorkin sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.19, for a total transaction of $2,619,000.00. Following the transaction, the general counsel now directly owns 73,528 shares of the company’s stock, valued at approximately $1,925,698.32. The disclosure for this sale can be found here. 39.34% of the stock is currently owned by insiders.

NYSE:KKR traded up $0.49 during mid-day trading on Friday, hitting $24.47. 1,299,400 shares of the stock traded hands, compared to its average volume of 3,036,734. The business’s 50-day moving average price is $25.75 and its 200 day moving average price is $24.21. The company has a market cap of $13.08 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 6.82 and a beta of 1.65. KKR & Co Inc has a 12-month low of $18.30 and a 12-month high of $28.73. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.92.

KKR & Co Inc (NYSE:KKR) last issued its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05. The firm had revenue of $528.00 million for the quarter, compared to analysts’ expectations of $445.34 million. KKR & Co Inc’s revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. Analysts anticipate that KKR & Co Inc will post 1.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, August 5th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $0.50 annualized dividend and a yield of 2.04%. KKR & Co Inc’s dividend payout ratio is currently 25.91%.

KKR & Co Inc Company Profile

KKR & Co L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, lower middle market and middle market investments.

See Also: What is the downside to momentum investing?

Institutional Ownership by Quarter for KKR & Co Inc (NYSE:KKR)

Receive News & Ratings for KKR & Co Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KKR & Co Inc and related companies with MarketBeat.com's FREE daily email newsletter.