Corbenic Partners LLC maintained its position in Markel Corporation (NYSE:MKL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800 shares of the insurance provider’s stock at the end of the second quarter. Markel Corporation comprises 1.1% of Corbenic Partners LLC’s portfolio, making the stock its 21st biggest holding. Corbenic Partners LLC’s holdings in Markel Corporation were worth $781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Cambridge Trust Co. grew its position in shares of Markel Corporation by 0.4% during the 2nd quarter. Cambridge Trust Co. now owns 462 shares of the insurance provider’s stock valued at $451,000 after acquiring an additional 2 shares during the period. Neuberger Berman Group LLC grew its position in shares of Markel Corporation by 0.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 428 shares of the insurance provider’s stock valued at $418,000 after acquiring an additional 2 shares during the period. Ironwood Investment Management LLC grew its position in shares of Markel Corporation by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 444 shares of the insurance provider’s stock valued at $433,000 after acquiring an additional 3 shares during the period. Stratos Wealth Partners LTD. grew its position in shares of Markel Corporation by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 461 shares of the insurance provider’s stock valued at $450,000 after acquiring an additional 3 shares during the period. Finally, Davidson & Garrard Inc. grew its position in shares of Markel Corporation by 0.6% during the 2nd quarter. Davidson & Garrard Inc. now owns 529 shares of the insurance provider’s stock valued at $516,000 after acquiring an additional 3 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

MKL has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $1,050.00 price objective on shares of Markel Corporation in a report on Tuesday. BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. ValuEngine raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Boenning Scattergood set a $1,050.00 price objective on shares of Markel Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Markel Corporation currently has a consensus rating of “Hold” and an average target price of $1,050.00.

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In other Markel Corporation news, CEO Richard R. Whitt III sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $1,085.31, for a total transaction of $108,531.00. Following the completion of the sale, the chief executive officer now directly owns 12,239 shares of the company’s stock, valued at $13,283,109.09. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Steven A. Markel sold 3,875 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,927 shares of company stock valued at $6,331,220. 2.53% of the stock is owned by corporate insiders.

Markel Corporation (NYSE MKL) traded up 0.01% on Thursday, reaching $1078.28. 9,123 shares of the company traded hands. The stock has a market capitalization of $15.00 billion, a price-to-earnings ratio of 37.28 and a beta of 1.03. The stock’s 50-day moving average is $1,048.82 and its 200-day moving average is $1,001.01. Markel Corporation has a 1-year low of $811.05 and a 1-year high of $1,086.99.

Markel Corporation (NYSE:MKL) last announced its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, beating the Zacks’ consensus estimate of $6.27 by $3.67. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Equities research analysts expect that Markel Corporation will post $27.56 EPS for the current year.

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.

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

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