Menlo Advisors Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Menlo Advisors reduced its stake in Markel Corporation by 0.4% during the most recent quarter end. The investment management company now holds a total of 8,419 shares of Markel Corporation which is valued at $7,666,173 after selling 34 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Markel Corporation makes up approximately 6.93% of Menlo Advisors’s portfolio.

Markel Corporation opened for trading at $908.85 and hit $919.7499 on the upside on Monday, eventually ending the session at $917.18, with a gain of 0.72% or 6.6 points. The heightened volatility saw the trading volume jump to 20,143 shares. Company has a market cap of $12,805 M.

Other Hedge Funds, Including , Somerset Trust Co reduced its stake in MKL by selling 11 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 930 shares of MKL which is valued at $846,839. Markel Corporation makes up approx 0.56% of Somerset 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.Capstone Asset Management Co boosted its stake in MKL in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 389 shares of Markel Corporation which is valued at $354,216. Markel Corporation makes up approx 0.01% of Capstone Asset Management Co’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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