Giverny Capital buys $24.7 Million stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Giverny Capital scooped up 502 additional shares in Markel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 25,812 shares of Markel Corporation which is valued at $24.7 Million.Markel Corporation makes up approximately 4.98% of Giverny Capital’s portfolio.

Other Hedge Funds, Including , Jupiter Asset Management Ltd boosted its stake in MKL in the latest quarter, The investment management firm added 6,544 additional shares and now holds a total of 22,560 shares of Markel Corporation which is valued at $21.6 Million. Markel Corporation makes up approx 0.92% of Jupiter Asset Management Ltd’s portfolio.Smith Asset Management Group Lp boosted its stake in MKL in the latest quarter, The investment management firm added 890 additional shares and now holds a total of 46,480 shares of Markel Corporation which is valued at $43.6 Million. Markel Corporation makes up approx 1.31% of Smith Asset Management Group Lp’s portfolio. Checchi Capital Advisers added MKL to its portfolio by purchasing 168 company shares during the most recent quarter which is valued at $157,416. Markel Corporation makes up approx 0.04% of Checchi Capital Advisers’s portfolio.Pitcairn Co boosted its stake in MKL in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 536 shares of Markel Corporation which is valued at $481,923. Markel Corporation makes up approx 0.06% of Pitcairn Co’s portfolio.

Markel Corporation closed down -5.19 points or -0.54% at $952.81 with 40,977 shares getting traded on Monday. Post opening the session at $955.55, the shares hit an intraday low of $950.065 and an intraday high of $962 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Leave a Reply

Markel Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Markel Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.