Mariner Wealth Advisors LLC trimmed its holdings in shares of Markel Corporation (NYSE:MKL) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 623 shares of the insurance provider’s stock after selling 34 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Markel Corporation were worth $608,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Markel Corporation by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock worth $1,101,931,000 after buying an additional 28,104 shares during the period. BlackRock Inc. raised its stake in shares of Markel Corporation by 0.4% during the 2nd quarter. BlackRock Inc. now owns 836,138 shares of the insurance provider’s stock worth $815,955,000 after buying an additional 3,590 shares during the period. Principal Financial Group Inc. raised its stake in shares of Markel Corporation by 3.7% during the 2nd quarter. Principal Financial Group Inc. now owns 659,167 shares of the insurance provider’s stock worth $643,254,000 after buying an additional 23,417 shares during the period. Baillie Gifford & Co. raised its stake in shares of Markel Corporation by 0.6% during the 2nd quarter. Baillie Gifford & Co. now owns 560,203 shares of the insurance provider’s stock worth $546,680,000 after buying an additional 3,147 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Markel Corporation by 7.7% during the 1st quarter. Wellington Management Group LLP now owns 418,485 shares of the insurance provider’s stock worth $408,382,000 after buying an additional 30,073 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

In related news, Vice Chairman Steven A. Markel sold 3,875 shares of Markel Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $1,074.48, for a total value of $4,163,610.00. Following the sale, the insider now directly owns 109,650 shares in the company, valued at $117,816,732. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard R. Whitt III sold 600 shares of Markel Corporation stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 11,339 shares in the company, valued at $11,859,800.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,727 shares of company stock worth $6,118,092. Company insiders own 2.53% of the company’s stock.

Several brokerages have recently weighed in on MKL. Zacks Investment Research raised Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub downgraded Markel Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Boenning Scattergood set a $1,050.00 target price on Markel Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Markel Corporation presently has an average rating of “Hold” and a consensus target price of $1,050.00.

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Markel Corporation (NYSE:MKL) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, beating the consensus estimate of $6.27 by $3.67. Markel Corporation had a return on equity of 4.81% and a net margin of 7.58%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion.

Markel Corporation Company 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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