Kirr Marbach & Co. LLC IN Decreases Position in Markel Corporation (NYSE:MKL)

Kirr Marbach & Co. LLC IN reduced its position in shares of Markel Corporation (NYSE:MKL) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,979 shares of the insurance provider’s stock after selling 173 shares during the period. Markel Corporation accounts for about 2.6% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 19th largest position. Kirr Marbach & Co. LLC IN owned approximately 0.09% of Markel Corporation worth $11,690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MKL. Marathon Asset Management LLP raised its position in shares of Markel Corporation by 177.7% in the second quarter. Marathon Asset Management LLP now owns 39,013 shares of the insurance provider’s stock worth $38,066,000 after buying an additional 24,962 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Markel Corporation by 1.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 35,125 shares of the insurance provider’s stock worth $34,277,000 after buying an additional 500 shares during the last quarter. Eqis Capital Management Inc. raised its position in shares of Markel Corporation by 3.2% in the second quarter. Eqis Capital Management Inc. now owns 226 shares of the insurance provider’s stock worth $220,000 after buying an additional 7 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Markel Corporation by 513.9% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,290 shares of the insurance provider’s stock worth $2,235,000 after buying an additional 1,917 shares during the last quarter. Finally, Buffington Mohr McNeal purchased a new position in shares of Markel Corporation during the second quarter worth approximately $475,000. Hedge funds and other institutional investors own 76.38% of the company’s stock.

Markel Corporation (NYSE:MKL) traded down 0.59% on Friday, hitting $1044.71. The stock had a trading volume of 30,020 shares. Markel Corporation has a 12-month low of $811.05 and a 12-month high of $1,086.68. The company has a market capitalization of $14.53 billion, a PE ratio of 36.12 and a beta of 1.03. The company has a 50 day moving average of $1,010.30 and a 200 day moving average of $976.31.

Markel Corporation (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, topping the consensus estimate of $6.27 by $3.67. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.46 billion. On average, equities analysts expect that Markel Corporation will post $28.59 earnings per share for the current year.

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A number of research analysts have commented on the company. BidaskClub upgraded Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Boenning Scattergood set a $1,050.00 price target on Markel Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $1,050.00.

In other Markel Corporation news, EVP Bradley James Kiscaden sold 350 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $1,074.56, for a total transaction of $376,096.00. Following the sale, the executive vice president now owns 6,817 shares of the company’s stock, valued at $7,325,275.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alan I. Kirshner sold 100 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $1,054.03, for a total transaction of $105,403.00. Following the sale, the insider now directly owns 25,555 shares in the company, valued at approximately $26,935,736.65. The disclosure for this sale can be found here. Insiders have sold 4,525 shares of company stock worth $4,859,750 in the last ninety days. Insiders own 2.53% of the company’s stock.

Markel Corporation Company Profile

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

Institutional Ownership by Quarter for Markel Corporation (NYSE:MKL)

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