Davenport Co Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Davenport Co reduced its stake in Markel Corporation by 1.42% during the most recent quarter end. The investment management company now holds a total of 289,156 shares of Markel Corporation which is valued at $259,983,051 after selling 4,159 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Markel Corporation makes up approximately 4.03% of Davenport Co’s portfolio.

Markel Corporation opened for trading at $897.69 and hit $914.99 on the upside on Monday, eventually ending the session at $911.06, with a gain of 1.33% or 11.95 points. The heightened volatility saw the trading volume jump to 32,992 shares. Company has a market cap of $12,720 M.

Other Hedge Funds, Including , Punch Associates Investment Management sold out all of its stake in MKL during the most recent quarter. The investment firm sold 145 shares of MKL which is valued $130,371.Bnp Paribas Arbitrage Sa boosted its stake in MKL in the latest quarter, The investment management firm added 2,445 additional shares and now holds a total of 3,304 shares of Markel Corporation which is valued at $2,974,723. Markel Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. High Point Bank Trust Co added MKL to its portfolio by purchasing 45 company shares during the most recent quarter which is valued at $40,515. Markel Corporation makes up approx 0.01% of High Point Bank Trust Co’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in MKL in the latest quarter, The investment management firm added 377 additional shares and now holds a total of 4,304 shares of Markel Corporation which is valued at $3,919,136. Markel Corporation makes up approx 0.09% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

Markel Corporation is a financial holding company serving variety of markets. The Company markets and underwrites specialty insurance products. The Company also owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace. The Company operates in three segments: U.S. Insurance International Insurance and Reinsurance. The U.S. Insurance segment includes all direct business and facultative placements written by the Company’s insurance subsidiaries domiciled in the United States. The International Insurance segment includes all direct business and facultative placements written by the Company’s insurance subsidiaries domiciled outside of the United States including the Company’s syndicate at Lloyd’s. The Reinsurance segment includes all treaty reinsurance written across the Company. In the United States it writes business in the excess and surplus lines (E&S) and specialty admitted insurance and reinsurance markets.

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