Keybank National Association OH Has $860,000 Stake in Markel Corporation (NYSE:MKL)

Keybank National Association OH trimmed its holdings in shares of Markel Corporation (NYSE:MKL) by 9.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 881 shares of the insurance provider’s stock after selling 92 shares during the period. Keybank National Association OH’s holdings in Markel Corporation were worth $860,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in MKL. Capstone Asset Management Co. lifted its holdings in shares of Markel Corporation by 21.8% during the first quarter. Capstone Asset Management Co. now owns 369 shares of the insurance provider’s stock valued at $360,000 after purchasing an additional 66 shares during the last quarter. Profund Advisors LLC lifted its holdings in shares of Markel Corporation by 21.8% during the first quarter. Profund Advisors LLC now owns 290 shares of the insurance provider’s stock valued at $283,000 after purchasing an additional 52 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Markel Corporation by 6.2% during the first quarter. IFP Advisors Inc now owns 137 shares of the insurance provider’s stock valued at $134,000 after purchasing an additional 8 shares during the last quarter. BB&T Corp lifted its holdings in shares of Markel Corporation by 9.1% during the first quarter. BB&T Corp now owns 335 shares of the insurance provider’s stock valued at $327,000 after purchasing an additional 28 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Markel Corporation by 70.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,045 shares of the insurance provider’s stock worth $1,996,000 after acquiring an additional 845 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

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Shares of Markel Corporation (NYSE MKL) opened at 1056.15 on Friday. The stock’s 50 day moving average is $1,047.20 and its 200-day moving average is $994.49. The company has a market cap of $14.69 billion, a P/E ratio of 36.52 and a beta of 1.04. Markel Corporation has a 12 month low of $811.05 and a 12 month high of $1,086.68.

Markel Corporation (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. On average, equities analysts forecast that Markel Corporation will post $27.56 EPS for the current year.

A number of equities analysts recently weighed in on MKL shares. ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Markel Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Boenning Scattergood set a $1,050.00 target price on shares of Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $1,050.00.

In other news, CEO Richard R. Whitt III sold 100 shares of Markel Corporation stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $1,050.20, for a total transaction of $105,020.00. Following the sale, the chief executive officer now owns 11,239 shares in the company, valued at $11,803,197.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard R. Whitt III sold 600 shares of Markel Corporation stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $1,045.93, for a total transaction of $627,558.00. Following the sale, the chief executive officer now owns 11,339 shares in the company, valued at approximately $11,859,800.27. The disclosure for this sale can be found here. Insiders sold 5,727 shares of company stock worth $6,118,092 in the last 90 days. 2.53% of the stock is currently owned by insiders.

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.

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

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