Sprucegrove Investment Management Ltd Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Sprucegrove Investment Management Ltd reduced its stake in Markel Corporation by 9.18% during the most recent quarter end. The investment management company now holds a total of 150,940 shares of Markel Corporation which is valued at $142,014,918 after selling 15,262 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Markel Corporation makes up approximately 5.58% of Sprucegrove Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Kirr Marbach Co In reduced its stake in MKL by selling 391 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 14,093 shares of MKL which is valued at $13,259,681. Markel Corporation makes up approx 2.67% of Kirr Marbach Co In’s portfolio.Hermes Investment Management Ltd reduced its stake in MKL by selling 32,376 shares or 68.15% in the most recent quarter. The Hedge Fund company now holds 15,132 shares of MKL which is valued at $14,420,191. Markel Corporation makes up approx 0.28% of Hermes Investment Management Ltd’s portfolio.Raymond James Trust N.a. reduced its stake in MKL by selling 49 shares or 9.5% in the most recent quarter. The Hedge Fund company now holds 467 shares of MKL which is valued at $442,497. Markel Corporation makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.

Markel Corporation closed down -6.44 points or -0.67% at $948.75 with 32,158 shares getting traded on Friday. Post opening the session at $952.93, the shares hit an intraday low of $946.56 and an intraday high of $956.03 and the price fluctuated in this range throughout the day.Shares ended Friday 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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