First Capital Advisors Group LLC. bought a new position in shares of Markel Corporation (NYSE:MKL) during the third quarter, according to its most recent filing with the SEC. The fund bought 189 shares of the insurance provider’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Buffington Mohr McNeal bought a new stake in Markel Corporation in the 2nd quarter valued at about $475,000. Ackerman Capital Advisors LLC bought a new stake in Markel Corporation in the 2nd quarter valued at about $298,000. Toronto Dominion Bank raised its stake in Markel Corporation by 11.0% in the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after acquiring an additional 17 shares during the period. Royal Bank of Canada raised its stake in Markel Corporation by 2.4% in the 2nd quarter. Royal Bank of Canada now owns 28,484 shares of the insurance provider’s stock valued at $27,797,000 after acquiring an additional 665 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Markel Corporation by 7.9% in the 2nd quarter. Renaissance Technologies LLC now owns 167,577 shares of the insurance provider’s stock valued at $163,532,000 after acquiring an additional 12,296 shares during the period. Institutional investors own 76.59% of the company’s stock.

In other Markel Corporation news, Vice Chairman Anthony F. Markel sold 169 shares of Markel Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $1,096.26, for a total transaction of $185,267.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman F. Michael Crowley sold 302 shares of Markel Corporation stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $1,047.20, for a total value of $316,254.40. Following the transaction, the insider now directly owns 6,956 shares of the company’s stock, valued at approximately $7,284,323.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,071 shares of company stock valued at $2,194,558 in the last ninety days. Insiders own 2.53% of the company’s stock.

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MKL has been the topic of a number of research reports. Boenning Scattergood set a $1,050.00 price objective on Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research cut Markel Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $1,050.00 price objective on shares of Markel Corporation in a research note on Tuesday, October 3rd. SunTrust Banks, Inc. restated a “hold” rating and issued a $1,100.00 price objective on shares of Markel Corporation in a research note on Friday, October 27th. Finally, BidaskClub raised Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Markel Corporation has an average rating of “Hold” and a consensus target price of $1,066.67.

Markel Corporation (MKL) opened at $1,073.00 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $14,906.01, a PE ratio of 351.80 and a beta of 1.05. Markel Corporation has a twelve month low of $825.07 and a twelve month high of $1,105.23.

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.

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

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