Spears Abacus Advisors LLC continued to hold its position in shares of Markel Corporation (NYSE:MKL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 923 shares of the insurance provider’s stock at the close of the 2nd quarter. Spears Abacus Advisors LLC’s holdings in Markel Corporation were worth $901,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Ironwood Investment Counsel LLC grew its holdings in shares of Markel Corporation by 10.2% during the second quarter. Ironwood Investment Counsel LLC now owns 2,564 shares of the insurance provider’s stock worth $2,502,000 after purchasing an additional 237 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Markel Corporation by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 55,002 shares of the insurance provider’s stock worth $53,671,000 after purchasing an additional 298 shares during the last quarter. Virtu KCG Holdings LLC grew its holdings in shares of Markel Corporation by 64.0% during the second quarter. Virtu KCG Holdings LLC now owns 397 shares of the insurance provider’s stock worth $387,000 after purchasing an additional 155 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Markel Corporation by 0.4% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 6,318 shares of the insurance provider’s stock worth $6,165,000 after purchasing an additional 23 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Markel Corporation during the second quarter worth about $231,000. Institutional investors own 76.47% of the company’s stock.

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In related news, CEO Richard R. Whitt III sold 100 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $1,085.31, for a total transaction of $108,531.00. Following the transaction, the chief executive officer now directly owns 12,239 shares of the company’s stock, valued at approximately $13,283,109.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Steven A. Markel sold 3,875 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $1,074.48, for a total value of $4,163,610.00. Following the transaction, the insider now directly owns 109,650 shares in the company, valued at $117,816,732. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,727 shares of company stock worth $6,118,092. 2.53% of the stock is currently owned by insiders.

Several research firms have recently weighed in 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 price target 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $1,050.00.

Markel Corporation (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $6.27 by $3.67. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Markel Corporation had a return on equity of 4.81% and a net margin of 7.58%.

About Markel Corporation

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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