Lafayette Investments Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Lafayette Investments reduced its stake in Markel Corporation by 0.44% during the most recent quarter end. The investment management company now holds a total of 22,271 shares of Markel Corporation which is valued at $19,531,222 after selling 98 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Markel Corporation makes up approximately 7.70% of Lafayette Investments’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc reduced its stake in MKL by selling 922 shares or 22.62% in the most recent quarter. The Hedge Fund company now holds 3,154 shares of MKL which is valued at $2,765,995. Markel Corporation makes up approx 0.01% of Envestnet Asset Management Inc’s portfolio.Global X Management Co boosted its stake in MKL in the latest quarter, The investment management firm added 164 additional shares and now holds a total of 489 shares of Markel Corporation which is valued at $403,459. Markel Corporation makes up approx 0.02% of Global X Management Co’s portfolio. Hanseatic Management Services Inc sold out all of its stake in MKL during the most recent quarter. The investment firm sold 1,366 shares of MKL which is valued $1,153,382.Jag Capital Management reduced its stake in MKL by selling 239 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 14,723 shares of MKL which is valued at $13,278,526. Markel Corporation makes up approx 2.65% of Jag Capital Management’s portfolio.

Markel Corporation opened for trading at $870.07 and hit $886 on the upside on Monday, eventually ending the session at $882.92, with a gain of 1.03% or 8.99 points. The heightened volatility saw the trading volume jump to 80,215 shares. Company has a market cap of $12,353 M.

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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