Bares Capital Management Inc. Purchases 17,922 Shares of Markel Corporation (MKL)

Bares Capital Management Inc. boosted its stake in shares of Markel Corporation (NYSE:MKL) by 18.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,582 shares of the insurance provider’s stock after buying an additional 17,922 shares during the period. Markel Corporation makes up 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 reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Markel Corporation by 4.3% in the first quarter. Vanguard Group Inc. now owns 1,101,085 shares of the insurance provider’s stock valued at $1,074,505,000 after buying an additional 45,773 shares during the period. BlackRock Inc. raised its position in shares of Markel Corporation by 4,055.3% in the first quarter. BlackRock Inc. now owns 832,548 shares of the insurance provider’s stock valued at $812,449,000 after buying an additional 812,512 shares during the period. Principal Financial Group Inc. raised its position in shares of Markel Corporation by 0.3% in the first quarter. Principal Financial Group Inc. now owns 635,750 shares of the insurance provider’s stock valued at $620,403,000 after buying an additional 2,097 shares during the period. Wellington Management Group LLP raised its position in shares of Markel Corporation by 7.7% in the first quarter. Wellington Management Group LLP now owns 418,485 shares of the insurance provider’s stock valued at $408,382,000 after buying an additional 30,073 shares during the period. Finally, State Street Corp raised its position in shares of Markel Corporation by 2.0% in the first quarter. State Street Corp now owns 303,677 shares of the insurance provider’s stock valued at $296,361,000 after buying an additional 5,964 shares during the period. 75.71% of the stock is owned by institutional investors and hedge funds.

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

Markel Corporation (NYSE MKL) traded down 1.42% during midday trading on Monday, hitting $968.72. The company’s stock had a trading volume of 39,945 shares. The company’s 50 day moving average price is $971.70 and its 200 day moving average price is $946.69. The firm has a market cap of $13.51 billion, a P/E ratio of 40.32 and a beta of 0.99. Markel Corporation has a 12 month low of $811.05 and a 12 month high of $996.38.

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Several equities analysts have weighed in on MKL shares. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research lowered Markel Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Finally, Boenning Scattergood started coverage on Markel Corporation in a report on Thursday, March 2nd. They set an “outperform” rating and a $1,050.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $1,000.00.

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.

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