Commonwealth Equity Services Inc increased its stake in shares of Markel Corporation (NYSE:MKL) by 7.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,098 shares of the insurance provider’s stock after acquiring an additional 206 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Markel Corporation were worth $3,308,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Cambridge Trust Co. increased its position in Markel Corporation by 0.4% during the second quarter. Cambridge Trust Co. now owns 462 shares of the insurance provider’s stock worth $451,000 after acquiring an additional 2 shares during the period. Neuberger Berman Group LLC increased its holdings in Markel Corporation by 0.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 428 shares of the insurance provider’s stock valued at $418,000 after buying an additional 2 shares during the period. Ironwood Investment Management LLC increased its holdings in Markel Corporation by 0.7% in the 2nd quarter. Ironwood Investment Management LLC now owns 444 shares of the insurance provider’s stock valued at $433,000 after buying an additional 3 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Markel Corporation by 0.7% in 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 during the period. Finally, Davidson & Garrard Inc. increased its holdings in Markel Corporation by 0.6% in 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 during the period. 76.92% of the stock is currently owned by institutional investors and hedge funds.

Shares of Markel Corporation (NYSE MKL) traded up $6.68 during trading hours on Tuesday, hitting $1,089.89. 1,680 shares of the stock traded hands, compared to its average volume of 263,245. Markel Corporation has a 52 week low of $12.00 and a 52 week high of $1,086.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. The firm has a market cap of $14,850.00, a P/E ratio of 350.49 and a beta of 1.05.

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In other news, CEO Richard R. Whitt III sold 600 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $1,045.93, for a total value of $627,558.00. Following the sale, the chief executive officer now owns 11,339 shares in the company, valued at approximately $11,859,800.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard R. Whitt III sold 100 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $1,050.20, for a total transaction of $105,020.00. Following the completion of the sale, the chief executive officer now owns 11,239 shares in the company, valued at approximately $11,803,197.80. The disclosure for this sale can be found here. Insiders sold a total of 1,769 shares of company stock worth $1,883,182 in the last 90 days. 2.53% of the stock is owned by corporate insiders.

MKL has been the topic of several analyst reports. Boenning Scattergood reissued a “buy” rating on shares of Markel Corporation in a report on Thursday, October 26th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $1,100.00 price target on shares of Markel Corporation in a report on Friday, October 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $1,050.00 price target on shares of Markel Corporation in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $1,066.67.

Markel Corporation Profile

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.

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

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