Needelman Asset Management Inc Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Needelman Asset Management Inc reduced its stake in Markel Corporation by 21.2% during the most recent quarter end. The investment management company now holds a total of 1,375 shares of Markel Corporation which is valued at $1,266,183 after selling 370 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Markel Corporation makes up approximately 3.90% of Needelman Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Creative Planning reduced its stake in MKL by selling 629 shares or 29.13% in the most recent quarter. The Hedge Fund company now holds 1,530 shares of MKL which is valued at $1,406,300. Markel Corporation makes up approx 0.01% of Creative Planning’s portfolio.Fenimore Asset Management Inc reduced its stake in MKL by selling 50 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 85,962 shares of MKL which is valued at $79,011,972. Markel Corporation makes up approx 3.86% of Fenimore Asset Management Inc’s portfolio. Advisory Services Network added MKL to its portfolio by purchasing 2 company shares during the most recent quarter which is valued at $1,836.

Markel Corporation closed down -5.01 points or -0.54% at $919.15 with 15,433 shares getting traded on Tuesday. Post opening the session at $924.15, the shares hit an intraday low of $917.3605 and an intraday high of $924.15 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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