Markel Corporation (MKL) Shares Bought by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC boosted its holdings in shares of Markel Corporation (NYSE:MKL) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,720 shares of the insurance provider’s stock after purchasing an additional 42 shares during the period. Markel Corporation comprises approximately 3.1% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 14th largest holding. Jacobson & Schmitt Advisors LLC’s holdings in Markel Corporation were worth $4,606,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MKL. BlackRock Inc. increased its holdings in Markel Corporation by 4,055.3% during the 1st quarter. BlackRock Inc. now owns 832,548 shares of the insurance provider’s stock valued at $812,449,000 after purchasing an additional 812,512 shares during the period. Vanguard Group Inc. increased its holdings in Markel Corporation by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 1,101,085 shares of the insurance provider’s stock valued at $1,074,505,000 after purchasing an additional 45,773 shares during the period. Wellington Management Group LLP increased its holdings in Markel Corporation by 7.7% during the 1st quarter. Wellington Management Group LLP now owns 418,485 shares of the insurance provider’s stock valued at $408,382,000 after purchasing an additional 30,073 shares during the period. Marathon Asset Management LLP increased its holdings in Markel Corporation by 177.7% during the 2nd quarter. Marathon Asset Management LLP now owns 39,013 shares of the insurance provider’s stock valued at $38,066,000 after purchasing an additional 24,962 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Markel Corporation by 3.7% during the 2nd quarter. Principal Financial Group Inc. now owns 659,167 shares of the insurance provider’s stock valued at $643,254,000 after purchasing an additional 23,417 shares during the period. Institutional investors own 76.63% of the company’s stock.

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Markel Corporation (NYSE:MKL) traded up 1.15% on Monday, hitting $1040.75. The company’s stock had a trading volume of 5,787 shares. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of 35.99 and a beta of 1.04. Markel Corporation has a 12 month low of $811.05 and a 12 month high of $1,086.68. The firm has a 50 day moving average of $1,046.73 and a 200 day moving average of $991.34.

Markel Corporation (NYSE:MKL) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, topping the Zacks’ consensus estimate of $6.27 by $3.67. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. Equities research analysts forecast that Markel Corporation will post $28.59 earnings per share for the current fiscal year.

In other news, CEO Richard R. Whitt III sold 100 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $1,045.10, for a total transaction of $104,510.00. Following the transaction, the chief executive officer now directly owns 12,039 shares of the company’s stock, valued at $12,581,958.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard R. Whitt III sold 600 shares of the firm’s 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 transaction, the chief executive officer now directly owns 11,339 shares in the company, valued at $11,859,800.27. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,727 shares of company stock worth $6,118,092. Corporate insiders own 2.53% of the company’s stock.

A number of brokerages recently issued reports on MKL. 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. Boenning Scattergood set a $1,050.00 target price on Markel Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Markel Corporation has a consensus rating of “Hold” and a consensus price target of $1,050.00.

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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