Akre Capital Management Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Akre Capital Management reduced its stake in Markel Corporation by 0.11% during the most recent quarter end. The investment management company now holds a total of 515,065 shares of Markel Corporation which is valued at $475,909,759 after selling 570 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Markel Corporation makes up approximately 8.99% of Akre Capital Management’s portfolio.

Other Hedge Funds, Including , Lord Abbett boosted its stake in MKL in the latest quarter, The investment management firm added 113 additional shares and now holds a total of 59,922 shares of Markel Corporation which is valued at $55,366,730. Markel Corporation makes up approx 0.17% of Lord Abbett’s portfolio.Teacher Retirement System Of Texas boosted its stake in MKL in the latest quarter, The investment management firm added 239 additional shares and now holds a total of 995 shares of Markel Corporation which is valued at $928,763. Markel Corporation makes up approx 0.01% of Teacher Retirement System Of Texas’s portfolio.Baillie Gifford Co reduced its stake in MKL by selling 22,489 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 929,890 shares of MKL which is valued at $862,379,986. Markel Corporation makes up approx 1.42% of Baillie Gifford Co’s portfolio.Daiwa Securities Group boosted its stake in MKL in the latest quarter, The investment management firm added 520 additional shares and now holds a total of 845 shares of Markel Corporation which is valued at $795,035.

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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