Avenir Corp Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Avenir Corp reduced its stake in Markel Corporation by 3.23% during the most recent quarter end. The investment management company now holds a total of 121,299 shares of Markel Corporation which is valued at $116.2 Million after selling 4,044 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Markel Corporation makes up approximately 9.64% of Avenir Corp’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in MKL in the latest quarter, The investment management firm added 379 additional shares and now holds a total of 30,442 shares of Markel Corporation which is valued at $29.2 Million. Markel Corporation makes up approx 0.05% of Parametric Portfolio Associates’s portfolio.Schwab Charles Investment Management Inc boosted its stake in MKL in the latest quarter, The investment management firm added 1,314 additional shares and now holds a total of 24,051 shares of Markel Corporation which is valued at $22.5 Million. Markel Corporation makes up approx 0.03% of Schwab Charles Investment Management Inc’s portfolio.Lba Wealth Management reduced its stake in MKL by selling 140 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 140 shares of MKL which is valued at $131,180. Markel Corporation makes up approx 0.08% of Lba Wealth Management’s portfolio.Geneva Advisors reduced its stake in MKL by selling 41 shares or 13.76% in the most recent quarter. The Hedge Fund company now holds 257 shares of MKL which is valued at $240,809. 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.

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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