Nordea Investment Management AB lifted its holdings in Markel Corporation (NYSE:MKL) by 4.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 397 shares of the insurance provider’s stock after buying an additional 18 shares during the quarter. Nordea Investment Management AB’s holdings in Markel Corporation were worth $387,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Markel Corporation by 2.6% in the second 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 last quarter. BlackRock Inc. raised its holdings in shares of Markel Corporation by 0.4% in the second 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 last quarter. Principal Financial Group Inc. raised its holdings in shares of Markel Corporation by 3.7% in the second quarter. Principal Financial Group Inc. now owns 659,167 shares of the insurance provider’s stock valued at $643,254,000 after buying an additional 23,417 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of Markel Corporation by 0.6% in the second quarter. Baillie Gifford & Co. now owns 560,203 shares of the insurance provider’s stock valued at $546,680,000 after buying an additional 3,147 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Markel Corporation by 2.0% in the first quarter. State Street Corp now owns 303,677 shares of the insurance provider’s stock valued at $296,361,000 after buying an additional 5,964 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

In other Markel Corporation 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 directly owns 12,239 shares in the company, valued at $13,283,109.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard R. Whitt III sold 600 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $1,045.93, for a total value of $627,558.00. Following the completion of the transaction, the chief executive officer now owns 11,339 shares of the company’s stock, valued at $11,859,800.27. The disclosure for this sale can be found here. Insiders sold 6,027 shares of company stock valued at $6,438,990 over the last quarter. Corporate insiders own 2.53% of the company’s stock.

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A number of research analysts recently issued reports on the company. BidaskClub cut Markel Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Boenning Scattergood set a $1,050.00 price target on Markel Corporation and gave the company a “buy” rating in a report on Wednesday, July 26th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $1,050.00 price target on shares of Markel Corporation in a report on Tuesday, October 3rd. Zacks Investment Research cut Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $1,050.00.

Markel Corporation (NYSE MKL) opened at 1090.70 on Wednesday. The company has a 50 day moving average price of $1,051.84 and a 200-day moving average price of $1,004.87. Markel Corporation has a 12-month low of $811.05 and a 12-month high of $1,094.99. The company has a market capitalization of $15.17 billion, a PE ratio of 37.71 and a beta of 1.03.

Markel Corporation (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, topping the 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 business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. On average, analysts anticipate that Markel Corporation will post $27.56 EPS for the current 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.

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

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