Sterling Capital Management LLC decreased its holdings in shares of Markel Corporation (NYSE:MKL) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 71,998 shares of the insurance provider’s stock after selling 2,408 shares during the period. Sterling Capital Management LLC owned approximately 0.52% of Markel Corporation worth $70,260,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of Markel Corporation by 40.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 27 shares during the last quarter. Korea Investment CORP raised its position in shares of Markel Corporation by 138.9% during the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 75 shares during the last quarter. BDO Wealth Advisors LLC bought a new stake in shares of Markel Corporation during the 2nd quarter valued at $166,000. Quantbot Technologies LP raised its position in shares of Markel Corporation by 775.0% during the 2nd quarter. Quantbot Technologies LP now owns 210 shares of the insurance provider’s stock valued at $204,000 after acquiring an additional 186 shares during the last quarter. Finally, Allen Investment Management LLC bought a new stake in shares of Markel Corporation during the 2nd quarter valued at $215,000. Institutional investors own 76.47% of the company’s stock.

In other Markel Corporation news, Vice Chairman Steven A. Markel sold 3,875 shares of the firm’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 directly owns 109,650 shares in the company, valued at $117,816,732. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard R. Whitt III sold 100 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $1,045.10, for a total transaction of $104,510.00. Following the completion of the sale, the chief executive officer now owns 12,039 shares of the company’s stock, valued at $12,581,958.90. The disclosure for this sale can be found here. Insiders have sold 6,027 shares of company stock valued at $6,438,990 in the last three months. 2.53% of the stock is owned by insiders.

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Shares of Markel Corporation (MKL) traded up 0.53% during trading on Wednesday, hitting $1096.43. 8,595 shares of the stock traded hands. Markel Corporation has a 1-year low of $811.05 and a 1-year high of $1,105.23. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 37.91 and a beta of 1.03. The firm has a 50-day moving average of $1,051.84 and a 200-day moving average of $1,004.87.

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, topping analysts’ consensus estimates of $6.27 by $3.67. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. On average, equities analysts forecast that Markel Corporation will post $27.56 earnings per share for the current year.

Several brokerages have commented on MKL. BidaskClub cut shares of Markel Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research cut shares of Markel Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. 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. ValuEngine raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $1,050.00.

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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