Markel Corporation (MKL) Position Increased by Check Capital Management Inc. CA

Check Capital Management Inc. CA boosted its stake in Markel Corporation (NYSE:MKL) by 100.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,224 shares of the insurance provider’s stock after acquiring an additional 612 shares during the period. Check Capital Management Inc. CA’s holdings in Markel Corporation were worth $1,307,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Cambridge Trust Co. boosted its holdings in Markel Corporation by 0.4% in the second quarter. Cambridge Trust Co. now owns 462 shares of the insurance provider’s stock valued at $451,000 after acquiring an additional 2 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in Markel Corporation by 0.5% in the second quarter. Neuberger Berman Group LLC now owns 428 shares of the insurance provider’s stock valued at $418,000 after acquiring an additional 2 shares in the last quarter. Ironwood Investment Management LLC boosted its holdings in Markel Corporation by 0.7% in the second quarter. Ironwood Investment Management LLC now owns 444 shares of the insurance provider’s stock valued at $433,000 after acquiring an additional 3 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Markel Corporation by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 461 shares of the insurance provider’s stock valued at $450,000 after buying an additional 3 shares in the last quarter. Finally, Davidson & Garrard Inc. boosted its holdings in shares of Markel Corporation by 0.6% during the 2nd quarter. Davidson & Garrard Inc. now owns 529 shares of the insurance provider’s stock valued at $516,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 76.78% of the company’s stock.

A number of analysts have recently commented on MKL shares. Boenning Scattergood set a $1,050.00 target price on shares of Markel Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub raised Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $1,050.00 target price on shares of Markel Corporation in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research lowered Markel Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $1,066.67.

In related news, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $1,065.64, for a total transaction of $213,128.00. Following the completion of the transaction, the insider now directly owns 109,550 shares in the company, valued at approximately $116,740,862. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard R. Whitt III sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $1,045.93, for a total value of $627,558.00. Following the completion of the transaction, the chief executive officer now owns 11,339 shares of the company’s stock, valued at $11,859,800.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,869 shares of company stock valued at $1,988,182. 2.53% of the stock is currently owned by corporate insiders.

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Markel Corporation (MKL) traded down $23.30 during midday trading on Friday, hitting $1,065.12. 24,700 shares of the stock traded hands, compared to its average volume of 30,710. The stock has a market cap of $14,820.00, a price-to-earnings ratio of 356.86 and a beta of 1.05. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. Markel Corporation has a 12-month low of $867.02 and a 12-month high of $1,105.23.

About Markel Corporation

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

Institutional Ownership by Quarter for Markel Corporation (NYSE:MKL)

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