Mar Vista Investment Partners LLC cut its stake in Markel Corporation (NYSE:MKL) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,595 shares of the insurance provider’s stock after selling 189 shares during the period. Markel Corporation comprises approximately 5.1% of Mar Vista Investment Partners LLC’s holdings, making the stock its 4th largest holding. Mar Vista Investment Partners LLC owned approximately 0.83% of Markel Corporation worth $123,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MKL. Cambridge Trust Co. grew its position in Markel Corporation by 0.4% during the 2nd quarter. Cambridge Trust Co. now owns 462 shares of the insurance provider’s stock worth $451,000 after acquiring an additional 2 shares during the last quarter. Neuberger Berman Group LLC grew its position in Markel Corporation by 0.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 428 shares of the insurance provider’s stock worth $418,000 after acquiring an additional 2 shares during the last quarter. Ironwood Investment Management LLC grew its position in Markel Corporation by 0.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 444 shares of the insurance provider’s stock worth $433,000 after acquiring an additional 3 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in Markel Corporation by 0.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 461 shares of the insurance provider’s stock worth $450,000 after acquiring an additional 3 shares during the last quarter. Finally, Davidson & Garrard Inc. grew its position in Markel Corporation by 0.6% during the 2nd quarter. Davidson & Garrard Inc. now owns 529 shares of the insurance provider’s stock worth $516,000 after acquiring an additional 3 shares during the last quarter. 76.78% of the stock is owned by institutional investors and hedge funds.

A number of research firms recently commented on MKL. BidaskClub upgraded Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Boenning Scattergood reiterated a “buy” rating on shares of Markel Corporation in a research report on Thursday, October 26th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $1,100.00 price objective on shares of Markel Corporation in a research report on Friday, October 27th. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research lowered Markel Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $1,066.67.

In other Markel Corporation news, CEO Richard R. Whitt III sold 600 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $1,045.93, for a total value of $627,558.00. Following the transaction, the chief executive officer now directly owns 11,339 shares in the company, valued at approximately $11,859,800.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Anthony F. Markel sold 169 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $1,096.26, for a total value of $185,267.94. The disclosure for this sale can be found here. Insiders sold a total of 1,869 shares of company stock worth $1,988,182 over the last quarter. Corporate insiders own 2.53% of the company’s stock.

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Shares of Markel Corporation (NYSE MKL) traded down $8.32 on Thursday, reaching $1,080.10. The company’s stock had a trading volume of 8,051 shares, compared to its average volume of 30,738. The company has a market cap of $14,972.97, a price-to-earnings ratio of 353.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. Markel Corporation has a 52-week low of $867.02 and a 52-week high of $1,105.23.

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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