Steinberg Asset Management Lowers stake in Markel Corporation (MKL)

Markel Corporation (MKL) : Steinberg Asset Management reduced its stake in Markel Corporation by 20.59% during the most recent quarter end. The investment management company now holds a total of 10,708 shares of Markel Corporation which is valued at $9,893,978 after selling 2,777 shares in Markel Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Markel Corporation makes up approximately 2.42% of Steinberg Asset Management’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp reduced its stake in MKL by selling 1,610 shares or 57.5% in the most recent quarter. The Hedge Fund company now holds 1,190 shares of MKL which is valued at $1,099,536. Markel Corporation makes up approx 0.01% of Two Sigma Investments Lp’s portfolio.Teachers Advisors Inc reduced its stake in MKL by selling 1,227 shares or 7.56% in the most recent quarter. The Hedge Fund company now holds 15,011 shares of MKL which is valued at $13,869,864. Markel Corporation makes up approx 0.02% of Teachers Advisors Inc’s portfolio.Keybank National Associationoh reduced its stake in MKL by selling 18 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 919 shares of MKL which is valued at $849,138. Markel Corporation makes up approx 0.01% of Keybank National Associationoh’s portfolio. Oakbrook Investments added MKL to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $285,888. Markel Corporation makes up approx 0.02% of Oakbrook Investments’s portfolio.

Markel Corporation closed down -1.57 points or -0.17% at $929.54 with 18,205 shares getting traded on Thursday. Post opening the session at $933.58, the shares hit an intraday low of $926.47 and an intraday high of $933.58 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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