Akre Capital Management buys $494 Million stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Akre Capital Management scooped up 178 additional shares in Markel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 515,635 shares of Markel Corporation which is valued at $494 Million.Markel Corporation makes up approximately 10.46% of Akre Capital Management’s portfolio.

Other Hedge Funds, Including , Bluemountain Capital Management boosted its stake in MKL in the latest quarter, The investment management firm added 1,406 additional shares and now holds a total of 1,424 shares of Markel Corporation which is valued at $1.4 Million. Markel Corporation makes up approx 0.05% of Bluemountain Capital Management’s portfolio.Royce Associates Lp reduced its stake in MKL by selling 8,400 shares or 19.0% in the most recent quarter. The Hedge Fund company now holds 35,800 shares of MKL which is valued at $34.3 Million. Markel Corporation makes up approx 0.22% of Royce Associates Lp’s portfolio.Blackrock Japan Ltd boosted its stake in MKL in the latest quarter, The investment management firm added 248 additional shares and now holds a total of 17,578 shares of Markel Corporation which is valued at $16.8 Million. Markel Corporation makes up approx 0.06% of Blackrock Japan Ltd’s portfolio. Farmers Merchants Investments Inc sold out all of its stake in MKL during the most recent quarter. The investment firm sold 11 shares of MKL which is valued $10,307.Ifp Advisors Inc boosted its stake in MKL in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 104 shares of Markel Corporation which is valued at $97,448. Markel Corporation makes up approx 0.01% of Ifp Advisors Inc’s portfolio.

Markel Corporation closed down -10.09 points or -1.03% at $965.57 with 61,527 shares getting traded on Wednesday. Post opening the session at $976.82, the shares hit an intraday low of $963.52 and an intraday high of $976.82 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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