Markel Corporation (MKL) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in Markel Corporation (NYSE:MKL) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,939 shares of the insurance provider’s stock after acquiring an additional 5,031 shares during the period. Russell Investments Group Ltd. owned 0.70% of Markel Corporation worth $103,509,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC grew its stake in Markel Corporation by 40.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 27 shares in the last quarter. Korea Investment CORP grew its stake in Markel Corporation by 138.9% in the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock worth $126,000 after acquiring an additional 75 shares in the last quarter. BDO Wealth Advisors LLC bought a new position in Markel Corporation in the 2nd quarter worth about $166,000. Toronto Dominion Bank grew its stake in Markel Corporation by 11.0% in the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after acquiring an additional 17 shares in the last quarter. Finally, First Capital Advisors Group LLC. bought a new position in Markel Corporation in the 3rd quarter worth about $202,000. Institutional investors and hedge funds own 76.78% of the company’s stock.

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MKL has been the topic of a number of research analyst reports. Boenning Scattergood set a $1,050.00 target price on shares of Markel Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $1,100.00 price objective on shares of Markel Corporation in a research note on Friday, October 27th. ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $1,050.00 price objective on shares of Markel Corporation in a research note on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of Markel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Markel Corporation currently has a consensus rating of “Hold” and a consensus target price of $1,066.67.

In other news, CEO Richard R. Whitt III sold 600 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $1,065.64, for a total transaction of $213,128.00. Following the completion of the sale, the insider now owns 109,550 shares of the company’s stock, valued at $116,740,862. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,869 shares of company stock worth $1,988,182. Insiders own 2.53% of the company’s stock.

Markel Corporation (MKL) traded up $10.60 during midday trading on Thursday, hitting $1,088.42. 29,000 shares of the stock were exchanged, compared to its average volume of 30,738. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.28. Markel Corporation has a 1 year low of $867.02 and a 1 year high of $1,105.23. The company has a market capitalization of $14,972.97, a P/E ratio of 353.38 and a beta of 1.05.

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.

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

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