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Markel Co. is owned by Pinnacle Associates Ltd. for $9.42 million (NYSE:MKL)

Markel Co. is owned by Pinnacle Associates Ltd. for $9.42 million (NYSE:MKL)

According to the most recent report that Pinnacle Associates Ltd. submitted to the Securities and Exchange Commission, the amount of Markel Co. (NYSE: MKL) shares that it owned increased by 16.1 percent during the third quarter. The fund finished the period with a total holding of 8,689 shares of the insurance company’s stock, having purchased an additional 1,205 shares during the period. At the end of the most recent reporting period, Pinnacle Associates Ltd. reported owning 0.06% of Markel, valued at $9,421,000.

Additionally, other hedge funds have engaged in recent transactions involving the buying and selling firm stock. During the third quarter, Wilbanks Smith & Thomas Asset Management LLC saw a 72.2% rise in the amount of Markel stock it owned as a percentage of its total holdings. Wilbanks Smith & Thomas Asset Management LLC is now the owner of a total of 391 shares in the company, which have a value of $424,000, after purchasing an additional 164 shares in the insurance provider during the most recent quarter. During the third quarter, Hutchinson Capital Management CA increased the amount of Markel stock owned by 0.7%, bringing its total ownership percentage to 100%. After making an additional purchase during the most recent quarter, Hutchinson Capital Management CA now directly owns 16,355 shares of the insurance provider’s stock, which is $17,732,000. This brings the total number of shares directly owned by the investment firm to 17,732,000. During the third quarter, Encompass Wealth Advisors LLC achieved an 84.6% increase in the proportion of Markel stock it owned. Encompass Wealth Advisors LLC is now the owner of 600 shares held by the insurance provider. These shares have a combined value of $651,000. This was accomplished by purchasing an additional 275 shares during the fiscal quarter to meet the requirements. GHP Investment Advisors Inc. increased the amount of Markel stock owned by 6.4% during the third quarter. GHP Investment Advisors Inc. now has 3,013 shares of the insurance provider’s stock thanks to the purchase of an additional 180 shares during the most recent fiscal quarter. The total value of these shares is $3,267,000, making the total holdings of GHP Investment Advisors Inc. worth $3,267,000. And finally, during the three months ending September 30, Freedom Day Solutions LLC purchased an additional $1,539,200 worth of Markel stock. Institutional investors hold a majority stake in the company, accounting for 75.96% of the total shares outstanding.

The Chief Executive Officer of the company, Thomas Sinnickson Gayner, purchased fifty shares of the company’s stock on November 8, as was reported in other recent business-related news. The total cost of purchasing the shares was $61,530, which comes from an average price of $1,230.60 per share. The total cost of the transaction was $61,530. As a direct consequence of the acquisition, the Chief Executive Officer now holds 42,127 shares, with an estimated value of $51,841,486.20. By clicking on the link, which will take you to a document presented to the Securities and Exchange Commission, you will have the opportunity to obtain additional information regarding the acquisition. 1.74 percent of the company’s total shares are owned by individuals employed.

Numerous companies, including some of their executives, have shared their thoughts and opinions regarding MKL. The previous rating that TheStreet had assigned to Markel, a “c+” rating, was changed to a “b-” rating in a research note published on Friday, December 2. On December 22, a Thursday, the research note that initiated Janney Montgomery Scott’s coverage of Markel shares was issued. This coverage began on the previous day, December 22. They gave the company a “buy” recommendation and determined that the stock should be priced at $1,550.00 as their price goal. StockNews.com released a research note on October 12 that marked the beginning of the company’s coverage of Markel shares. This publication marked the beginning of the company’s coverage of Markel shares. They recommended that shareholders “hold” their shares of the company. There are a total of three market analysts who have given the stock a recommendation to buy, while there are a total of two who have given the stock a rating of hold. There is an average recommendation for the company of “Moderate Buy,” and the price objective for the company is listed as $1,483.33 on Bloomberg.com.

On Friday, the NYSE MKL opened at $1,401.99 for the start of trading. The company has a price-to-earnings ratio of 142.62 and a beta value of 0.75. Its market capitalization is equal to $18.86 billion. The moving averages for the previous 50 days come in at $1,298.25, and the company’s average for the previous 200 days is $1,239.91. Markel Co.’s lowest price in the past year was $1,064.09, while the company’s all-time high was $1,519.24. All the financial ratios, including the debt-to-equity ratio, current, and quick ratio, all equal 0.66. The ratio of debt to equity is currently at 0.35.

On November 1, Markel’s most recent quarterly earnings report, traded on the NYSE under the symbol MKL, was made public. The insurance company reported earnings of $13.17 per share for the quarter, which fell $4.49 short of the consensus estimate of $17.66 per share held by market analysts. Estimates for the industry’s revenue for the current quarter ranged from $3.21 billion to $3.35 billion. Markel’s return on equity was profitable, coming in at 6.44%, even though the company had a negative net margin of 0.29%. The equity research professionals who work for Markel Co. anticipate that the company will generate profits of 65.44 dollars per share during the current fiscal year.

Some regions where we market and underwrite our specialty insurance products include the Middle East, Canada, Asia Pacific, the United States of America, Bermuda, the United Kingdom, and the rest of Europe. The Markel Corporation is classified as a holding company and is active in the financial industry. The insurance division of the company offers a wide range of insurance products, such as general and professional liability insurance, personal lines insurance, marine, and energy insurance, specialty programs, workers’ compensation insurance products, allied lines insurance, and other specialized property coverages, such as earthquake and wind insurance.

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