M&T Bank Corp lowered its position in shares of Markel Corp. (NYSE:MKL) by 8.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,831 shares of the company’s stock after selling 370 shares during the period. M&T Bank Corp’s holdings in Markel Corp. were worth $3,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guggenheim Capital LLC raised its position in shares of Markel Corp. by 0.4% in the second quarter. Guggenheim Capital LLC now owns 260 shares of the company’s stock worth $248,000 after buying an additional 1 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Markel Corp. by 0.6% in the third quarter. Raymond James Trust N.A. now owns 470 shares of the company’s stock worth $436,000 after buying an additional 3 shares in the last quarter. Amalgamated Bank raised its position in shares of Markel Corp. by 1.0% in the second quarter. Amalgamated Bank now owns 414 shares of the company’s stock worth $384,000 after buying an additional 4 shares in the last quarter. Brown Advisory Securities LLC raised its position in shares of Markel Corp. by 0.8% in the second quarter. Brown Advisory Securities LLC now owns 665 shares of the company’s stock worth $635,000 after buying an additional 5 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its position in shares of Markel Corp. by 0.4% in the second quarter. Hanseatic Management Services Inc. now owns 1,366 shares of the company’s stock worth $1,301,000 after buying an additional 6 shares in the last quarter. 74.46% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Markel Corp. (NYSE:MKL)

Markel Corp. (NYSE:MKL) traded down 0.85% during mid-day trading on Wednesday, reaching $898.34. 315,661 shares of the company were exchanged. The stock has a market capitalization of $12.57 billion, a price-to-earnings ratio of 24.75 and a beta of 0.87. Markel Corp. has a 12-month low of $805.03 and a 12-month high of $989.18. The company’s 50 day moving average price is $885.90 and its 200-day moving average price is $924.20.

ILLEGAL ACTIVITY WARNING: This article was originally posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this article on another site, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be accessed at https://www.thecerbatgem.com/2016/11/30/markel-corp-mkl-shares-sold-by-mt-bank-corp.html.

A number of research firms recently weighed in on MKL. Zacks Investment Research cut shares of Markel Corp. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 8th. SunTrust Banks Inc. upped their target price on shares of Markel Corp. from $920.00 to $950.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Finally, William Blair cut shares of Markel Corp. from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 17th.

About Markel Corp.

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. The Company monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance.

5 Day Chart for NYSE:MKL

Receive News & Stock Ratings for Markel Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Corp. and related stocks with our FREE daily email newsletter.