Ameriprise Financial Inc. Grows Stake in Markel Co. (MKL)

Galtero Lara
Diciembre 18, 2017

Shares of Markel Co. Broad Run Investment Management LLC now owns 257,017 shares of the insurance provider's stock valued at $250,813,000 after buying an additional 2,695 shares during the last quarter. The stock increased 2.38% or $26.7 during the last trading session, reaching $1147.1. About 72,729 shares traded or 173.65% up from the average. (NYSE:MKL) opened at $1,147.10 on Friday. It has underperformed by 17.76% the S&P500. The stock increased 0.39% or $0.045 during the last trading session, reaching $11.74. About 773,914 shares traded. It is up 4.35% since December 16, 2016 and is downtrending. It has underperformed by 20.71% the S&P500.

Since August 1, 2017, it had 0 buys, and 14 sales for $6.87 million activity. Its up 183.33% from 600 shares previously. Another trade for 200 shares valued at $213,514 was made by MARKEL STEVEN A on Thursday, October 26. Also, insider Alan I. Kirshner sold 100 shares of the firm's stock in a transaction that occurred on Tuesday, October 3rd. The insider Crowley F. Michael sold 302 shares worth $316,254. The insider Kiscaden Bradley James sold 350 shares worth $376,096.

MKL has been the subject of several recent analyst reports. They expect $8.55 earnings per share, down 6.15% or $0.56 from last year's $9.11 per share. MKL's profit will be $118.77M for 33.54 P/E if the $8.55 EPS becomes a reality. After $-18.82 actual earnings per share reported by Markel Corporation for the previous quarter, Wall Street now forecasts -145.43% EPS growth. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Therefore 50% are positive. Markel Corporation had 9 analyst reports since August 7, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with "Hold" rating in Thursday, July 27 report. The firm has "Hold" rating given on Monday, October 2 by RBC Capital Markets. Zacks Investment Research downgraded Markel from a "buy" rating to a "hold" rating in a research report on Tuesday, October 3rd. The rating was maintained by RBC Capital Markets on Monday, August 28 with "Hold". RBC Capital Markets downgraded the stock to " rating in Friday, August 7 report. On Thursday, April 14 the stock rating was upgraded by William Blair to "Outperform". SunTrust maintained Markel Corporation (NYSE:MKL) rating on Thursday, August 4. Finally, Royal Bank of Canada reissued a "hold" rating and issued a $1,050.00 target price on shares of Markel in a research report on Tuesday, October 3rd. Boenning & Scattergood maintained Markel Corporation (NYSE:MKL) on Wednesday, July 26 with "Buy" rating.

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Redmond Asset Management Llc increased Alliance Data Systems Corp Com (NYSE:ADS) stake by 2,346 shares to 7,933 valued at $2.04M in 2017Q2. It also reduced its holding in Rice Energy Inc (NYSE:RICE) by 849,437 shares in the quarter, leaving it with 1.38 million shares, and cut its stake in Wpx Energy Inc (NYSE:WPX).

Investors sentiment increased to 1.06 in Q2 2017. Its up 0.07, from 0.99 in 2017Q1. It increased, as 13 investors sold MKL shares while 137 reduced holdings. Finally, Comerica Bank raised its position in Markel by 1.4% during the 2nd quarter. "(NYSE:MKL)" was originally published by Week Herald and is owned by of Week Herald. Following the sale, the executive vice president now directly owns 4,150 shares in the company, valued at approximately $4,575,292. Bares Cap Mngmt holds 5.09% of its portfolio in Markel Corporation (NYSE:MKL) for 117,188 shares. Markel Co. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. Great West Life Assurance Can has 0.27% invested in Markel Corporation (NYSE:MKL) for 104,192 shares. Nomura Asset Management Limited reported 1,936 shares. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2017/12/16/ifm-investors-pty-ltd-purchases-new-stake-in-markel-co-mkl.html. Cobblestone Advsr Limited Liability Com New York reported 1.25% in Markel Corporation (NYSE:MKL). Davenport And Ltd Company has 0% invested in Markel Corporation (NYSE:MKL) for 283,442 shares. Virtu Fincl Ltd Company stated it has 474 shares. Fifth Third National Bank & Trust holds 0% or 369 shares. Asset Mngmt One has invested 0.05% in Markel Corporation (NYSE:MKL). Sei has 329 shares for 0% of their portfolio. Advisors Asset Management Inc. owns 322,382 shares or 0.06% of their USA portfolio. Ycg Ltd Limited Liability Company invested in 800 shares. The Texas-based Wfg Advisors Lp has invested 0.06% in the stock.

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