Stack Financial Management Inc Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Stack Financial Management Inc reduced its stake in Markel Corporation by 2.27% during the most recent quarter end. The investment management company now holds a total of 30,402 shares of Markel Corporation which is valued at $29.1 Million after selling 707 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Markel Corporation makes up approximately 3.50% of Stack Financial Management Inc’s portfolio.

Other Hedge Funds, Including , 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.Norges Bank boosted its stake in MKL in the latest quarter, The investment management firm added 2,914 additional shares and now holds a total of 114,688 shares of Markel Corporation which is valued at $109.9 Million. Markel Corporation makes up approx 0.06% of Norges Bank’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.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 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.

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