Wayne Hummer Investments L.L.C. Has $304,000 Position in Markel Corporation (MKL)

Wayne Hummer Investments L.L.C. reduced its position in shares of Markel Corporation (NYSE:MKL) by 30.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 285 shares of the insurance provider’s stock after selling 126 shares during the period. Wayne Hummer Investments L.L.C.’s holdings in Markel Corporation were worth $304,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MKL. Vanguard Group Inc. lifted its holdings in Markel Corporation by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock valued at $1,101,931,000 after purchasing an additional 28,104 shares during the last quarter. Principal Financial Group Inc. raised its stake 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 worth $643,254,000 after acquiring an additional 23,417 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Markel Corporation by 14.9% in the second quarter. Victory Capital Management Inc. now owns 152,757 shares of the insurance provider’s stock worth $149,069,000 after acquiring an additional 19,799 shares during the last quarter. Archford Capital Strategies LLC raised its stake in shares of Markel Corporation by 34,592.5% in the second quarter. Archford Capital Strategies LLC now owns 13,877 shares of the insurance provider’s stock worth $204,000 after acquiring an additional 13,837 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Markel Corporation by 712.3% in the second quarter. Janus Henderson Group PLC now owns 14,703 shares of the insurance provider’s stock worth $14,347,000 after acquiring an additional 12,893 shares during the last quarter. 76.78% of the stock is owned by hedge funds and other institutional investors.

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Shares of Markel Corporation (NYSE MKL) traded down $23.30 during trading hours on Friday, hitting $1,065.12. 24,700 shares of the stock traded hands, compared to its average volume of 30,710. Markel Corporation has a 12 month low of $867.02 and a 12 month high of $1,105.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market cap of $14,800.00, a PE ratio of 356.86 and a beta of 1.05.

In other news, insider Alan I. Kirshner sold 100 shares of Markel Corporation stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $1,077.70, for a total transaction of $107,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard R. Whitt III sold 600 shares of Markel Corporation stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $1,045.93, for a total transaction of $627,558.00. Following the sale, the chief executive officer now owns 11,339 shares of the company’s stock, valued at approximately $11,859,800.27. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,869 shares of company stock valued at $1,988,182. 2.53% of the stock is owned by corporate insiders.

A number of brokerages have weighed in on MKL. Zacks Investment Research downgraded shares of Markel Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Boenning Scattergood reaffirmed a “buy” rating on shares of Markel Corporation in a research note on Thursday, October 26th. BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $1,050.00 target price on shares of Markel Corporation in a research note on Tuesday, October 3rd. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $1,100.00 target price on shares of Markel Corporation in a research note on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $1,066.67.

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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