Comerica Bank boosted its stake in Markel Corporation (NYSE:MKL) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 590 shares of the insurance provider’s stock after purchasing an additional 8 shares during the quarter. Comerica Bank’s holdings in Markel Corporation were worth $603,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Markel Corporation by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 1,101,085 shares of the insurance provider’s stock worth $1,074,505,000 after purchasing an additional 45,773 shares in the last quarter. BlackRock Inc. lifted its stake in Markel Corporation by 4,055.3% in the 1st quarter. BlackRock Inc. now owns 832,548 shares of the insurance provider’s stock worth $812,449,000 after purchasing an additional 812,512 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Markel Corporation by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 635,750 shares of the insurance provider’s stock worth $620,403,000 after purchasing an additional 2,097 shares in the last quarter. Wellington Management Group LLP lifted its stake in Markel Corporation by 7.7% in the 1st quarter. Wellington Management Group LLP now owns 418,485 shares of the insurance provider’s stock worth $408,382,000 after purchasing an additional 30,073 shares in the last quarter. Finally, State Street Corp lifted its stake in Markel Corporation by 2.0% in the 1st quarter. State Street Corp now owns 303,677 shares of the insurance provider’s stock worth $296,361,000 after purchasing an additional 5,964 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Markel Corporation (MKL) Shares Bought by Comerica Bank” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/09/24/markel-corporation-mkl-shares-bought-by-comerica-bank.html.

Several analysts have commented on the stock. ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub upgraded shares of 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 target on shares of Markel Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $1,050.00.

Shares of Markel Corporation (NYSE MKL) opened at 1056.15 on Friday. Markel Corporation has a 52 week low of $811.05 and a 52 week high of $1,086.68. The firm has a 50-day moving average of $1,047.20 and a 200 day moving average of $994.49. The stock has a market cap of $14.69 billion, a PE ratio of 36.52 and a beta of 1.04.

Markel Corporation (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, topping analysts’ consensus estimates of $6.27 by $3.67. The firm 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%. On average, equities analysts forecast that Markel Corporation will post $27.56 EPS for the current fiscal year.

In related news, CEO Richard R. Whitt III sold 100 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $1,050.20, for a total transaction of $105,020.00. Following the transaction, the chief executive officer now directly owns 11,239 shares in the company, valued at $11,803,197.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Steven A. Markel sold 3,875 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $1,074.48, for a total transaction of $4,163,610.00. Following the transaction, the insider now owns 109,650 shares in the company, valued at $117,816,732. The disclosure for this sale can be found here. Insiders have sold 5,727 shares of company stock worth $6,118,092 over the last 90 days. 2.53% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Corporation (NYSE:MKL).

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

Receive News & Ratings for Markel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.