As Markel Corporation (MKL) Share Value Declined, Madison Investment Holdings INC Trimmed Stake

July 18, 2017 - By Nellie Frank

Investors sentiment increased to 1.09 in Q4 2016. Its up 0.33, from 0.76 in 2016Q3. It increased, as 28 investors sold MKL shares while 126 reduced holdings. 38 funds opened positions while 130 raised stakes. 10.25 million shares or 0.03% less from 10.26 million shares in 2016Q3 were reported. Moreover, Mackenzie has 0.25% invested in Markel Corporation (NYSE:MKL) for 45,513 shares. Van Den Berg Mgmt I Incorporated has 0.08% invested in Markel Corporation (NYSE:MKL). Baillie Gifford & Com owns 569,135 shares for 0.85% of their portfolio. 6,440 were accumulated by Montag A &. Teachers Retirement System Of The State Of Kentucky reported 6,798 shares or 0.08% of all its holdings. Aviva Public Ltd Company holds 8,355 shares. Ironbridge Capital Mngmt LP has invested 0.56% in Markel Corporation (NYSE:MKL). Blackrock Invest Management invested in 8,831 shares. Sei Invests Communications holds 0% or 262 shares. Needelman Asset Mngmt owns 1,365 shares. Fmr Limited Com has 11,063 shares. Balyasny Asset Management Ltd Liability Co owns 11,460 shares. Architects has invested 0.39% in Markel Corporation (NYSE:MKL). Numeric Limited Com invested 0.01% in Markel Corporation (NYSE:MKL). Alliancebernstein Lp owns 11,809 shares.

Since February 13, 2017, it had 1 insider purchase, and 4 insider sales for $3.38 million activity. Crouch Nora N had bought 10 shares worth $9,489. Crowley F. Michael sold $993,235 worth of stock or 1,049 shares. The insider EBY DOUGLAS C sold 75 shares worth $71,156. $379,200 worth of Markel Corporation (NYSE:MKL) shares were sold by Kiscaden Bradley James. MARKEL STEVEN A also sold $1.94M worth of Markel Corporation (NYSE:MKL) shares.

Madison Investment Holdings Inc decreased its stake in Markel Corporation (MKL) by 17.23% based on its latest 2016Q4 regulatory filing with the SEC. Madison Investment Holdings Inc sold 18,718 shares as the company’s stock declined 1.12% while stock markets rallied. The institutional investor held 89,888 shares of the property-casualty insurers company at the end of 2016Q4, valued at $81.30M, down from 108,606 at the end of the previous reported quarter. Madison Investment Holdings Inc who had been investing in Markel Corporation for a number of months, seems to be less bullish one the $13.81B market cap company. The stock increased 0.79% or $7.66 on July 17, reaching $982.04. About shares traded. Markel Corporation (NYSE:MKL) has declined 1.06% since July 18, 2016 and is downtrending. It has underperformed by 17.76% the S&P500.

Madison Investment Holdings Inc, which manages about $5.16 billion US Long portfolio, upped its stake in Jm Smucker Company (The) (NYSE:SJM) by 48,836 shares to 511,788 shares, valued at $65.54 million in 2016Q4, according to the filing. It also increased its holding in Class C by 14,620 shares in the quarter, for a total of 67,793 shares, and has risen its stake in Ishares 20 Year Treasury Bond (TLT).

Wall Street await Markel Corporation (NYSE:MKL) to release earnings on August, 1. Analysts forecast EPS of $6.27, up exactly $0.86 or 15.90 % from 2014’s $5.41 EPS. The expected MKL’s profit could reach $88.17 million giving the stock 39.16 P/E in the case that $6.27 earnings per share is reported. After posting $2.82 EPS for the previous quarter, Markel Corporation’s analysts now forecast 122.34 % EPS growth.

Another recent and important Markel Corporation (NYSE:MKL) news was published by which published an article titled: “Markel adds management liability endorsement for professional employer …” on June 21, 2017.

Markel Corporation (NYSE:MKL) Ratings Coverage

Among 3 analysts covering Markel Corporation (NYSE:MKL), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Markel Corporation has $97500 highest and $950 lowest target. $962.50’s average target is -1.99% below currents $982.04 stock price. Markel Corporation had 4 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, August 4 by SunTrust. The firm has “” rating by RBC Capital Markets given on Friday, August 7. The stock of Markel Corporation (NYSE:MKL) has “Hold” rating given on Monday, July 10 by RBC Capital Markets. William Blair upgraded Markel Corporation (NYSE:MKL) on Thursday, April 14 to “Outperform” rating.

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