Gardner Russo Gardner Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Gardner Russo Gardner reduced its stake in Markel Corporation by 9.75% during the most recent quarter end. The investment management company now holds a total of 13,137 shares of Markel Corporation which is valued at $12.6 Million after selling 1,420 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Markel Corporation makes up approximately 0.11% of Gardner Russo Gardner’s portfolio.

Other Hedge Funds, Including , Baird Financial Group reduced its stake in MKL by selling 1,554 shares or 57.09% in the most recent quarter. The Hedge Fund company now holds 1,168 shares of MKL which is valued at $1.1 Million. Markel Corporation makes up approx 0.01% of Baird Financial Group’s portfolio.Bessemer Group Inc reduced its stake in MKL by selling 25,113 shares or 10.5% in the most recent quarter. The Hedge Fund company now holds 214,043 shares of MKL which is valued at $205.1 Million. Markel Corporation makes up approx 1.18% of Bessemer Group Inc’s portfolio.Stephens Inc Ar reduced its stake in MKL by selling 112 shares or 31.73% in the most recent quarter. The Hedge Fund company now holds 241 shares of MKL which is valued at $225,817. Markel Corporation makes up approx 0.01% of Stephens Inc Ar’s portfolio.Andra Ap-fonden boosted its stake in MKL in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 5,100 shares of Markel Corporation which is valued at $4.8 Million. Markel Corporation makes up approx 0.13% of Andra Ap-fonden’s portfolio.Great West Life Assurance Co Can reduced its stake in MKL by selling 5,789 shares or 5.21% in the most recent quarter. The Hedge Fund company now holds 105,245 shares of MKL which is valued at $94.6 Million. Markel Corporation makes up approx 0.34% of Great West Life Assurance Co Can’s portfolio.

Markel Corporation opened for trading at $969.05 and hit $986.26 on the upside on Friday, eventually ending the session at $982.84, with a gain of 1.94% or 18.74 points. The heightened volatility saw the trading volume jump to 52,082 shares. Company has a market cap of $13,729 M.

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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