Bares Capital Management Inc. increased its position in shares of Markel Corporation (NYSE:MKL) by 18.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,582 shares of the insurance provider’s stock after buying an additional 17,922 shares during the period. Markel Corporation accounts for about 5.6% of Bares Capital Management Inc.’s holdings, making the stock its 9th largest position. Bares Capital Management Inc. owned 0.84% of Markel Corporation worth $113,768,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MKL. FTB Advisors Inc. purchased a new position in Markel Corporation during the first quarter valued at about $104,000. Ancora Advisors LLC bought a new stake in Markel Corporation during the fourth quarter valued at $117,000. West Oak Capital LLC raised its stake in Markel Corporation by 13.0% in the first quarter. West Oak Capital LLC now owns 130 shares of the insurance provider’s stock valued at $127,000 after buying an additional 15 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Markel Corporation by 6.2% in the first quarter. IFP Advisors Inc now owns 137 shares of the insurance provider’s stock worth $134,000 after buying an additional 8 shares during the period. Finally, Cowen Prime Services LLC acquired a new stake in shares of Markel Corporation during the first quarter worth approximately $146,000. Institutional investors and hedge funds own 75.71% of the company’s stock.
Shares of Markel Corporation (NYSE MKL) traded down 0.03% during midday trading on Friday, hitting $982.53. The stock had a trading volume of 31,862 shares. Markel Corporation has a 12 month low of $811.05 and a 12 month high of $996.38. The stock’s 50 day moving average price is $970.62 and its 200 day moving average price is $951.64. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 40.89 and a beta of 1.01.
MKL has been the subject of a number of recent research reports. ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Zacks Investment Research raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $1,000.00.
About Markel Corporation
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.
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