Chesapeake Asset Management LLC Has $390,000 Stake in Markel Corporation (MKL)

Chesapeake Asset Management LLC maintained its position in Markel Corporation (NYSE:MKL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 400 shares of the insurance provider’s stock at the end of the first quarter. Chesapeake Asset Management LLC’s holdings in Markel Corporation were worth $390,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Westwood Holdings Group Inc. increased its stake in shares of Markel Corporation by 4.5% in the fourth quarter. Westwood Holdings Group Inc. now owns 15,915 shares of the insurance provider’s stock worth $14,395,000 after buying an additional 687 shares during the last quarter. West Oak Capital LLC boosted its position in Markel Corporation by 13.0% in the first quarter. West Oak Capital LLC now owns 130 shares of the insurance provider’s stock worth $127,000 after buying an additional 15 shares during the period. Motley Fool Wealth Management LLC boosted its position in Markel Corporation by 2.9% in the fourth quarter. Motley Fool Wealth Management LLC now owns 7,747 shares of the insurance provider’s stock worth $7,007,000 after buying an additional 219 shares during the period. Numeric Investors LLC boosted its position in Markel Corporation by 25.2% in the fourth quarter. Numeric Investors LLC now owns 1,290 shares of the insurance provider’s stock worth $1,167,000 after buying an additional 260 shares during the period. Finally, FMR LLC boosted its position in Markel Corporation by 9.8% in the fourth quarter. FMR LLC now owns 11,063 shares of the insurance provider’s stock worth $10,007,000 after buying an additional 991 shares during the period. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Institutional Ownership by Quarter for Markel Corporation (NYSE:MKL)

Markel Corporation (NYSE:MKL) opened at 982.66 on Friday. The firm’s 50-day moving average price is $971.70 and its 200 day moving average price is $946.69. Markel Corporation has a 52 week low of $811.05 and a 52 week high of $996.38. The company has a market capitalization of $13.70 billion, a PE ratio of 40.90 and a beta of 0.99.

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MKL has been the subject of a number of research reports. ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Boenning Scattergood initiated coverage on shares of Markel Corporation in a research report on Thursday, March 2nd. They set an “outperform” rating and a $1,050.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Markel Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Markel Corporation has a consensus rating of “Hold” and an average price target of $1,000.00.

About Markel Corporation

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

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