Bank of Montreal Can increased its stake in shares of Markel Corporation (NYSE:MKL) by 9.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,287 shares of the insurance provider’s stock after buying an additional 189 shares during the period. Bank of Montreal Can’s holdings in Markel Corporation were worth $2,233,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FTB Advisors Inc. acquired a new position in Markel Corporation during the first quarter worth $104,000. IFP Advisors Inc raised its position in Markel Corporation by 6.2% in the first quarter. IFP Advisors Inc now owns 137 shares of the insurance provider’s stock worth $134,000 after buying an additional 8 shares during the period. Cowen Prime Services LLC acquired a new position in Markel Corporation during the first quarter worth $146,000. Toronto Dominion Bank raised its position in Markel Corporation by 27.3% in the first quarter. Toronto Dominion Bank now owns 154 shares of the insurance provider’s stock worth $150,000 after buying an additional 33 shares during the period. Finally, Pinnacle Bank acquired a new position in Markel Corporation during the first quarter worth $176,000. 76.38% of the stock is owned by institutional investors and hedge funds.

Markel Corporation (NYSE MKL) traded down 0.59% during trading on Friday, hitting $1044.71. The stock had a trading volume of 30,020 shares. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 36.12 and a beta of 1.03. The firm’s 50-day moving average price is $1,010.30 and its 200-day moving average price is $976.31. Markel Corporation has a 52-week low of $811.05 and a 52-week high of $1,086.68.

Markel Corporation (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Analysts predict that Markel Corporation will post $28.59 EPS for the current fiscal year.

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A number of research firms have recently weighed in on MKL. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub raised Markel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Boenning Scattergood set a $1,050.00 price objective on Markel Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research lowered Markel Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $1,050.00.

In related news, EVP Bradley James Kiscaden sold 350 shares of Markel Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $1,074.56, for a total value of $376,096.00. Following the sale, the executive vice president now directly owns 6,817 shares in the company, valued at approximately $7,325,275.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Steven A. Markel sold 3,875 shares of Markel Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $1,074.48, for a total value of $4,163,610.00. Following the completion of the sale, the insider now owns 109,650 shares in the company, valued at $117,816,732. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,525 shares of company stock worth $4,859,750. 2.53% of the stock is currently owned by insiders.

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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