Sigma Planning Corp cut its position in Markel Corporation (NYSE:MKL) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 491 shares of the insurance provider’s stock after selling 10 shares during the period. Sigma Planning Corp’s holdings in Markel Corporation were worth $479,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Markel Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,101,085 shares of the insurance provider’s stock worth $1,074,505,000 after buying an additional 45,773 shares in the last quarter. BlackRock Inc. increased its position in Markel Corporation by 4,055.3% in the first quarter. BlackRock Inc. now owns 832,548 shares of the insurance provider’s stock worth $812,449,000 after buying an additional 812,512 shares in the last quarter. Principal Financial Group Inc. increased its position in Markel Corporation by 0.3% in the first quarter. Principal Financial Group Inc. now owns 635,750 shares of the insurance provider’s stock worth $620,403,000 after buying an additional 2,097 shares in the last quarter. Wellington Management Group LLP increased its position in Markel Corporation by 7.7% in the first 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 in the last quarter. Finally, State Street Corp increased its position in Markel Corporation by 2.0% in the first quarter. State Street Corp now owns 303,677 shares of the insurance provider’s stock worth $296,361,000 after buying an additional 5,964 shares in the last quarter. 76.51% of the stock is owned by hedge funds and other institutional investors.

Markel Corporation (NYSE MKL) opened at 1050.10 on Tuesday. Markel Corporation has a one year low of $811.05 and a one year high of $1,086.68. The stock’s 50 day moving average is $1,013.07 and its 200 day moving average is $977.93. The firm has a market cap of $14.61 billion, a P/E ratio of 36.31 and a beta of 1.03.

Markel Corporation (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, beating analysts’ consensus estimates of $6.27 by $3.67. Markel Corporation had a return on equity of 4.81% and a net margin of 7.58%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. On average, equities research analysts expect that Markel Corporation will post $28.59 earnings per share for the current year.

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A number of equities analysts have commented on MKL shares. ValuEngine raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Markel Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Boenning Scattergood set a $1,050.00 price target on shares of Markel Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $1,050.00.

In other Markel Corporation news, insider Alan I. Kirshner sold 100 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $1,054.03, for a total value of $105,403.00. Following the sale, the insider now directly owns 25,555 shares in the company, valued at $26,935,736.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Steven A. Markel sold 3,875 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $1,074.48, for a total value of $4,163,610.00. Following the completion of the sale, the insider now owns 109,650 shares in the company, valued at $117,816,732. The disclosure for this sale can be found here. Insiders sold 4,525 shares of company stock worth $4,859,750 over the last quarter. Company insiders own 2.53% of the company’s stock.

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.

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

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