Brandywine Global Investment Management LLC raised its position in shares of Markel Corporation (NYSE:MKL) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,779 shares of the insurance provider’s stock after buying an additional 1,100 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.09% of Markel Corporation worth $12,471,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its stake in Markel Corporation by 40.3% during 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. Korea Investment CORP raised its stake in Markel Corporation by 138.9% during the second quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after buying an additional 75 shares in the last quarter. BDO Wealth Advisors LLC acquired a new stake in Markel Corporation during the second quarter valued at approximately $166,000. Quantbot Technologies LP raised its stake in Markel Corporation by 775.0% during the second quarter. Quantbot Technologies LP now owns 210 shares of the insurance provider’s stock valued at $204,000 after buying an additional 186 shares in the last quarter. Finally, Allen Investment Management LLC acquired a new stake in Markel Corporation during the second quarter valued at approximately $215,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Several brokerages have issued reports on MKL. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Markel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. 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. Finally, Zacks Investment Research upgraded Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $1,050.00.

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Shares of Markel Corporation (MKL) opened at 1067.98 on Friday. The firm’s 50-day moving average price is $1,047.20 and its 200 day moving average price is $994.49. The firm has a market cap of $14.86 billion, a PE ratio of 36.93 and a beta of 1.04. Markel Corporation has a 52 week low of $811.05 and a 52 week high of $1,086.68.

Markel Corporation (NYSE:MKL) last released 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 return on equity of 4.81% and a net margin of 7.58%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Equities analysts anticipate that Markel Corporation will post $27.56 EPS for the current year.

In related news, Vice Chairman Steven A. Markel sold 3,875 shares of Markel Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $1,074.48, for a total transaction of $4,163,610.00. Following the sale, the insider now directly owns 109,650 shares of the company’s stock, valued at $117,816,732. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard R. Whitt III sold 100 shares of Markel Corporation stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $1,050.20, for a total value of $105,020.00. Following the sale, the chief executive officer now directly owns 11,239 shares in the company, valued at $11,803,197.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,727 shares of company stock worth $6,118,092. 2.53% of the stock is owned by company insiders.

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.

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

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