Bank of New York Mellon Corp increased its stake in shares of Markel Corporation (NYSE:MKL) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 56,981 shares of the insurance provider’s stock after buying an additional 98 shares during the period. Bank of New York Mellon Corp owned about 0.41% of Markel Corporation worth $55,605,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in MKL. Proficio Capital Partners LLC boosted its position in shares of Markel Corporation by 40.3% in the second quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after buying an additional 27 shares in the last quarter. State of Wisconsin Investment Board boosted its position in shares of Markel Corporation by 31.6% in the second quarter. State of Wisconsin Investment Board now owns 12,081 shares of the insurance provider’s stock valued at $11,789,000 after buying an additional 2,900 shares in the last quarter. Ridgewood Investments LLC boosted its position in shares of Markel Corporation by 0.4% in the second quarter. Ridgewood Investments LLC now owns 3,102 shares of the insurance provider’s stock valued at $3,027,000 after buying an additional 12 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Markel Corporation during the second quarter valued at $1,397,000. Finally, Wedge Capital Management L L P NC boosted its position in shares of Markel Corporation by 1.1% in the second quarter. Wedge Capital Management L L P NC now owns 16,668 shares of the insurance provider’s stock valued at $16,266,000 after buying an additional 174 shares in the last quarter. 76.63% of the stock is owned by hedge funds and other institutional investors.

Markel Corporation (NYSE:MKL) opened at 1043.47 on Friday. The firm has a 50-day moving average price of $1,040.69 and a 200 day moving average price of $989.30. The firm has a market capitalization of $14.52 billion, a PE ratio of 36.08 and a beta of 1.04. Markel Corporation has a one year low of $811.05 and a one year high of $1,086.68.

Markel Corporation (NYSE:MKL) last issued its quarterly earnings data 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. 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. Analysts anticipate that Markel Corporation will post $28.59 EPS for the current fiscal year.

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Several equities analysts have weighed in on the company. BidaskClub raised Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Boenning Scattergood set a $1,050.00 price objective on Markel Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, Zacks Investment Research raised Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $1,050.00.

In related news, Vice Chairman Steven A. Markel sold 3,875 shares of the stock in a transaction 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 owns 109,650 shares in the company, valued at $117,816,732. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Alan I. Kirshner sold 100 shares of the 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 completion of the sale, the insider now owns 25,555 shares in the company, valued at approximately $26,935,736.65. The disclosure for this sale can be found here. Insiders sold 5,727 shares of company stock worth $6,118,092 in the last quarter. 2.53% of the stock is currently owned by company insiders.

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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