Confluence Investment Management buys $51,667,876 stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Confluence Investment Management scooped up 1,666 additional shares in Markel Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 54,915 shares of Markel Corporation which is valued at $51,667,876.Markel Corporation makes up approximately 1.38% of Confluence Investment Management’s portfolio.

Other Hedge Funds, Including , Narwhal Capital Management boosted its stake in MKL in the latest quarter, The investment management firm added 348 additional shares and now holds a total of 1,708 shares of Markel Corporation which is valued at $1,607,006. Markel Corporation makes up approx 0.49% of Narwhal Capital Management’s portfolio.Checchi Capital Advisers boosted its stake in MKL in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 182 shares of Markel Corporation which is valued at $173,439. Markel Corporation makes up approx 0.04% of Checchi Capital Advisers’s portfolio.Douglass Winthrop Advisors boosted its stake in MKL in the latest quarter, The investment management firm added 2,250 additional shares and now holds a total of 59,530 shares of Markel Corporation which is valued at $55,925,459. Markel Corporation makes up approx 4.08% of Douglass Winthrop Advisors’s portfolio.Community Trust Investment Co reduced its stake in MKL by selling 426 shares or 2.23% in the most recent quarter. The Hedge Fund company now holds 18,642 shares of MKL which is valued at $17,513,227. Markel Corporation makes up approx 2.17% of Community Trust Investment Co’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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