First Allied Advisory Services Inc. reduced its position in shares of Markel Corporation (NYSE:MKL) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 343 shares of the insurance provider’s stock after selling 10 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Markel Corporation were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its holdings in Markel Corporation by 40.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock worth $101,000 after purchasing an additional 27 shares during the period. Korea Investment CORP increased its holdings in Markel Corporation by 138.9% during the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock worth $126,000 after purchasing an additional 75 shares during the period. BDO Wealth Advisors LLC purchased a new position in Markel Corporation during the 2nd quarter worth $166,000. Quantbot Technologies LP increased its holdings in Markel Corporation by 775.0% during the 2nd quarter. Quantbot Technologies LP now owns 210 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 186 shares during the period. Finally, Allen Investment Management LLC purchased a new position in Markel Corporation during the 2nd quarter worth $215,000. Institutional investors own 76.47% of the company’s stock.

Several research analysts have commented on the company. Zacks Investment Research downgraded Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada restated a “hold” rating and set a $1,050.00 price objective on shares of Markel Corporation in a report on Tuesday, October 3rd. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub upgraded Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Boenning Scattergood set a $1,050.00 price objective on 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 assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $1,050.00.

Markel Corporation (MKL) opened at 1076.53 on Friday. Markel Corporation has a 12-month low of $811.05 and a 12-month high of $1,086.99. The firm’s 50-day moving average price is $1,049.96 and its 200 day moving average price is $1,002.30. The stock has a market capitalization of $14.98 billion, a P/E ratio of 37.22 and a beta of 1.03.

Markel Corporation (NYSE:MKL) last released its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $9.94 EPS 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 company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. On average, equities analysts anticipate that Markel Corporation will post $27.56 EPS for the current year.

In other Markel Corporation news, insider Alan I. Kirshner sold 100 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $1,077.70, for a total transaction of $107,770.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Bradley James Kiscaden sold 350 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $1,074.56, for a total value of $376,096.00. Following the transaction, the executive vice president now owns 6,817 shares in the company, valued at $7,325,275.52. The disclosure for this sale can be found here. Insiders have sold 6,027 shares of company stock worth $6,438,990 over the last 90 days. 2.53% of the stock is owned by insiders.

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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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