Gardner Russo Gardner Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Gardner Russo Gardner reduced its stake in Markel Corporation by 6.58% during the most recent quarter end. The investment management company now holds a total of 12,272 shares of Markel Corporation which is valued at $11,339,083 after selling 865 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Markel Corporation makes up approximately 0.09% of Gardner Russo Gardner’s portfolio.

Other Hedge Funds, Including , Hanseatic Management Services Inc boosted its stake in MKL in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 1,366 shares of Markel Corporation which is valued at $1,272,593. Markel Corporation makes up approx 0.46% of Hanseatic Management Services Inc’s portfolio.Amg National Trust Bank reduced its stake in MKL by selling 25 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 1,420 shares of MKL which is valued at $1,308,814. Markel Corporation makes up approx 0.11% of Amg National Trust Bank’s portfolio.Huntington National Bank reduced its stake in MKL by selling 65 shares or 24.71% in the most recent quarter. The Hedge Fund company now holds 198 shares of MKL which is valued at $186,292.Ibm Retirement Fund reduced its stake in MKL by selling 31 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 1,618 shares of MKL which is valued at $1,541,889. Markel Corporation makes up approx 0.06% of Ibm Retirement Fund’s portfolio.

Markel Corporation (MKL) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or -0.04 points without letting the bulls or bears take much advantage. The trading began at $931.5 and reached the intraday high at $936.01. The bulls started the profit booking and pushed the shares to intraday low of $929.06. The trading session was marked by a volume range of 21,815 shares exchanging hands. The 52-week high of the shares is $989.18 and the 52-week low is $775.695. The market cap of the company stands at $13,039 M and there are 1,39,90,839 shares in public circulation.

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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