California Public Employees Retirement System grew its stake in Markel Corporation (NYSE:MKL) by 5.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,466 shares of the insurance provider’s stock after buying an additional 1,400 shares during the quarter. California Public Employees Retirement System owned 0.20% of Markel Corporation worth $27,779,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Markel Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock valued at $1,101,931,000 after buying an additional 28,104 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of Markel Corporation by 2.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 50,891 shares of the insurance provider’s stock valued at $49,662,000 after buying an additional 1,326 shares during the period. Amalgamated Bank boosted its stake in shares of Markel Corporation by 79.2% in the 2nd quarter. Amalgamated Bank now owns 1,328 shares of the insurance provider’s stock valued at $1,296,000 after buying an additional 587 shares during the period. BlackRock Inc. boosted its stake in shares of Markel Corporation by 0.4% in the 2nd quarter. BlackRock Inc. now owns 836,138 shares of the insurance provider’s stock valued at $815,955,000 after buying an additional 3,590 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of Markel Corporation by 50.0% in the 2nd quarter. Nationwide Fund Advisors now owns 3,000 shares of the insurance provider’s stock valued at $2,928,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

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Several equities analysts have recently issued reports on MKL shares. Boenning Scattergood set a $1,050.00 price objective on Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. BidaskClub upgraded Markel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Markel Corporation presently has a consensus rating of “Hold” and an average target price of $1,050.00.

In related news, CEO Richard R. Whitt III sold 100 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $1,085.31, for a total value of $108,531.00. Following the completion of the transaction, the chief executive officer now owns 12,239 shares of the company’s stock, valued at $13,283,109.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Steven A. Markel sold 3,875 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 109,650 shares of the company’s stock, valued at approximately $117,816,732. The disclosure for this sale can be found here. Insiders sold 5,727 shares of company stock valued at $6,118,092 in the last three months. 2.53% of the stock is currently owned by company insiders.

Shares of Markel Corporation (NYSE:MKL) opened at 1064.04 on Thursday. Markel Corporation has a 1-year low of $811.05 and a 1-year high of $1,086.68. The stock has a market cap of $14.80 billion, a PE ratio of 36.79 and a beta of 1.04. The company’s 50-day moving average price is $1,047.20 and its 200 day moving average price is $994.49.

Markel Corporation (NYSE:MKL) last issued its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, beating analysts’ consensus estimates of $6.27 by $3.67. The firm 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%. Equities analysts forecast that Markel Corporation will post $27.56 EPS for the current fiscal year.

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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