Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Markel Corporation (NYSE:MKL) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,134 shares of the insurance provider’s stock after selling 776 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.71% of Markel Corporation worth $96,741,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MKL. BDO Wealth Advisors LLC bought a new stake in Markel Corporation during the second quarter worth $166,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Markel Corporation by 16.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 4,106 shares of the insurance provider’s stock worth $4,007,000 after buying an additional 585 shares during the last quarter. Prudential Financial Inc. increased its stake in Markel Corporation by 10.6% in the second quarter. Prudential Financial Inc. now owns 1,042 shares of the insurance provider’s stock worth $1,017,000 after buying an additional 100 shares during the last quarter. Alpha Omega Wealth Management LLC increased its stake in Markel Corporation by 6.7% in the second quarter. Alpha Omega Wealth Management LLC now owns 545 shares of the insurance provider’s stock worth $532,000 after buying an additional 34 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in Markel Corporation by 0.6% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,690 shares of the insurance provider’s stock worth $1,649,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.

Shares of Markel Corporation (NYSE MKL) opened at 1054.59 on Friday. Markel Corporation has a 12 month low of $811.05 and a 12 month high of $1,086.68. The firm’s 50-day moving average is $1,031.23 and its 200-day moving average is $985.43. The company has a market cap of $14.67 billion, a PE ratio of 36.47 and a beta of 1.03.

Markel Corporation (NYSE:MKL) last released its earnings results 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. The firm had revenue of $1.46 billion during 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 research analysts predict that Markel Corporation will post $28.59 earnings per share for the current year.

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A number of research firms recently weighed in on MKL. BidaskClub upgraded Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Boenning Scattergood set a $1,050.00 price objective on Markel Corporation and gave the company 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $1,050.00.

In other news, CEO Richard R. Whitt III sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $1,045.93, for a total value of $627,558.00. Following the completion of the sale, the chief executive officer now owns 11,339 shares in the company, valued at approximately $11,859,800.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alan I. Kirshner sold 100 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $1,054.03, for a total transaction of $105,403.00. Following the completion of the sale, the insider now owns 25,555 shares of the company’s stock, valued at approximately $26,935,736.65. The disclosure for this sale can be found here. Insiders sold a total of 5,627 shares of company stock valued at $6,013,072 in the last 90 days. Company insiders own 2.53% of the company’s stock.

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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