Lord Abbett & Company Lowered Markel Com (MKL) Position By $356,378; Highwoods Properties (HIW)’s Sentiment Is 1.47

February 23, 2018 - By Pete Kolinski

Lord Abbett & Company decreased Markel Corp Com (MKL) stake by 0.77% reported in 2017Q3 SEC filing. Lord Abbett & Company sold 334 shares as Markel Corp Com (MKL)’s stock declined 1.12%. The Lord Abbett & Company holds 43,086 shares with $46.02M value, down from 43,420 last quarter. Markel Corp Com now has $15.51B valuation. The stock increased 0.84% or $9.2507 during the last trading session, reaching $1116.2507. About 5,215 shares traded. Markel Corporation (NYSE:MKL) has declined 1.06% since February 23, 2017 and is downtrending. It has underperformed by 17.76% the S&P500.

Highwoods Properties, Inc. is a real estate investment trust. The company has market cap of $4.66 billion. The trust engages in leasing, management, development, construction, and other customer-related services for its properties and for third parties. It has a 24.67 P/E ratio. It invests in the real estate markets of United States.

Since August 28, 2017, it had 0 buys, and 11 insider sales for $2.29 million activity. 200 shares were sold by MARKEL STEVEN A, worth $213,514. Whitt Richard R III also sold $219,768 worth of Markel Corporation (NYSE:MKL) on Tuesday, February 13. Shares for $107,770 were sold by KIRSHNER ALAN I on Tuesday, October 3.

Lord Abbett & Company increased Wpx Energy Inc Pfd Ser A Cv stake by 153,640 shares to 278,466 valued at $14.84M in 2017Q3. It also upped Citigroup Inc Com New (NYSE:C) stake by 101,226 shares and now owns 2.23 million shares. Activision Blizzard Inc Com (NASDAQ:ATVI) was raised too.

Among 4 analysts covering Markel Corporation (NYSE:MKL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Markel Corporation had 11 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Hold” rating by SunTrust on Friday, October 27. RBC Capital Markets maintained it with “Hold” rating and $105000 target in Thursday, July 27 report. As per Wednesday, February 7, the company rating was maintained by SunTrust. RBC Capital Markets maintained the shares of MKL in report on Wednesday, February 7 with “Hold” rating. SunTrust maintained Markel Corporation (NYSE:MKL) rating on Thursday, August 4. SunTrust has “Neutral” rating and $950 target. The company was maintained on Wednesday, July 26 by Boenning & Scattergood. RBC Capital Markets maintained Markel Corporation (NYSE:MKL) rating on Monday, October 2. RBC Capital Markets has “Hold” rating and $1050.0 target. The rating was downgraded by RBC Capital Markets to “” on Friday, August 7. As per Thursday, April 14, the company rating was upgraded by William Blair. The stock of Markel Corporation (NYSE:MKL) has “Hold” rating given on Monday, July 10 by RBC Capital Markets.

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.11, from 1.06 in 2017Q2. It is positive, as 29 investors sold MKL shares while 109 reduced holdings. 42 funds opened positions while 119 raised stakes. 10.44 million shares or 0.15% more from 10.42 million shares in 2017Q2 were reported. Akre Cap Management Ltd Liability Co accumulated 513,348 shares or 8.01% of the stock. Moreover, Ls Investment Advisors Limited Liability Co has 0.02% invested in Markel Corporation (NYSE:MKL) for 364 shares. Ironwood Investment Management reported 460 shares. Axa owns 571 shares for 0% of their portfolio. Lombard Odier Asset Mgmt (Europe) has 202 shares for 0.01% of their portfolio. Winslow Evans & Crocker owns 32 shares. New York State Common Retirement Fund owns 37,859 shares for 0.05% of their portfolio. The United Kingdom-based Pictet Asset has invested 0.01% in Markel Corporation (NYSE:MKL). Ycg Lc holds 800 shares. Great West Life Assurance Can holds 0.28% of its portfolio in Markel Corporation (NYSE:MKL) for 105,724 shares. Cobblestone Cap holds 1.36% of its portfolio in Markel Corporation (NYSE:MKL) for 10,349 shares. Edgemoor Advsrs invested 0.07% in Markel Corporation (NYSE:MKL). Ftb Advisors Incorporated owns 0.01% invested in Markel Corporation (NYSE:MKL) for 105 shares. Voya Invest Management Lc invested in 3,824 shares or 0.01% of the stock. Parkside Commercial Bank & invested 0% of its portfolio in Markel Corporation (NYSE:MKL).

Analysts await Markel Corporation (NYSE:MKL) to report earnings on April, 25. They expect $8.36 earnings per share, up 196.45% or $5.54 from last year’s $2.82 per share. MKL’s profit will be $116.14M for 33.38 P/E if the $8.36 EPS becomes a reality. After $6.64 actual earnings per share reported by Markel Corporation for the previous quarter, Wall Street now forecasts 25.90% EPS growth.

Analysts await Highwoods Properties, Inc. (NYSE:HIW) to report earnings on April, 24. They expect $0.82 earnings per share, up 2.50% or $0.02 from last year’s $0.8 per share. HIW’s profit will be $87.00 million for 13.39 P/E if the $0.82 EPS becomes a reality. After $0.84 actual earnings per share reported by Highwoods Properties, Inc. for the previous quarter, Wall Street now forecasts -2.38% negative EPS growth.

The stock increased 0.76% or $0.33 during the last trading session, reaching $43.91. About 157,382 shares traded. Highwoods Properties, Inc. (HIW) has risen 13.20% since February 23, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Garland Capital Management Inc holds 2.69% of its portfolio in Highwoods Properties, Inc. for 80,575 shares. Adelante Capital Management Llc owns 779,958 shares or 2.24% of their US portfolio. Moreover, Daiwa Securities Group Inc. has 1.31% invested in the company for 3.68 million shares. The Massachusetts-based Putnam Fl Investment Management Co has invested 1.2% in the stock. Apg Asset Management Us Inc., a New York-based fund reported 2.21 million shares.

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