Swiss National Bank increased its stake in Markel Corporation (NYSE:MKL) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,000 shares of the insurance provider’s stock after buying an additional 1,600 shares during the period. Swiss National Bank owned about 0.59% of Markel Corporation worth $80,021,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKL. Capstone Asset Management Co. raised its position in Markel Corporation by 21.8% in the first quarter. Capstone Asset Management Co. now owns 369 shares of the insurance provider’s stock valued at $360,000 after buying an additional 66 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Markel Corporation by 13.3% in the first quarter. Candriam Luxembourg S.C.A. now owns 1,023 shares of the insurance provider’s stock valued at $998,000 after buying an additional 120 shares during the last quarter. Profund Advisors LLC raised its position in Markel Corporation by 21.8% in the first quarter. Profund Advisors LLC now owns 290 shares of the insurance provider’s stock valued at $283,000 after buying an additional 52 shares during the last quarter. ProShare Advisors LLC raised its position in Markel Corporation by 8.1% in the first quarter. ProShare Advisors LLC now owns 2,044 shares of the insurance provider’s stock valued at $1,995,000 after buying an additional 154 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Markel Corporation by 6.2% in the first quarter. IFP Advisors Inc now owns 137 shares of the insurance provider’s stock valued at $134,000 after buying an additional 8 shares during the last quarter. 76.63% of the stock is owned by hedge funds and other institutional investors.

Markel Corporation (MKL) opened at 1043.47 on Friday. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 36.08 and a beta of 1.04. Markel Corporation has a 12 month low of $811.05 and a 12 month high of $1,086.68. The company’s 50-day moving average price is $1,040.69 and its 200 day moving average price is $989.30.

Markel Corporation (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $6.27 by $3.67. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Markel Corporation had a return on equity of 4.81% and a net margin of 7.58%. Analysts predict that Markel Corporation will post $28.59 EPS for the current year.

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MKL has been the subject of several recent research reports. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered Markel Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Boenning Scattergood set a $1,050.00 price target on Markel Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $1,050.00.

In other Markel Corporation news, insider Alan I. Kirshner sold 100 shares of Markel Corporation stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $1,054.03, for a total transaction of $105,403.00. Following the completion of the sale, the insider now directly owns 25,555 shares of the company’s stock, valued at approximately $26,935,736.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard R. Whitt III sold 600 shares of Markel Corporation stock in a transaction dated Wednesday, August 23rd. The stock was 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 directly owns 11,339 shares of the company’s stock, valued at $11,859,800.27. The disclosure for this sale can be found here. Insiders have sold a total of 5,727 shares of company stock valued at $6,118,092 over the last ninety days. 2.53% of the stock is owned by company insiders.

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.

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

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