As Mkl (MKL) Stock Rose, Davenport & Company LLC Has Lifted Holding

August 10, 2018 - By Mona Holcomb

Markel Corporation (NYSE:MKL) LogoInvestors sentiment decreased to 0.86 in 2018 Q1. Its down 0.22, from 1.08 in 2017Q4. It dived, as 17 investors sold MKL shares while 149 reduced holdings. 46 funds opened positions while 97 raised stakes. 10.35 million shares or 1.44% less from 10.50 million shares in 2017Q4 were reported. Atlanta Cap Mngmt L L C has 3.42% invested in Markel Corporation (NYSE:MKL) for 564,393 shares. Jacobson And Schmitt Advsrs Limited Co accumulated 4,715 shares. Loring Wolcott And Coolidge Fiduciary Advisors Llp Ma holds 0% or 2 shares in its portfolio. Oppenheimer Asset Mgmt holds 0.04% of its portfolio in Markel Corporation (NYSE:MKL) for 1,208 shares. Citadel Advsrs Limited Liability Corporation reported 306 shares. Benjamin F Edwards Com Incorporated holds 0.01% or 90 shares. Rmb Capital Ltd Limited Liability Company has invested 0.2% in Markel Corporation (NYSE:MKL). Palladium Ptnrs Ltd Company reported 2,030 shares. Beck Mack And Oliver Ltd Liability holds 2.93% or 74,384 shares. Thrivent Finance For Lutherans has invested 0.37% in Markel Corporation (NYSE:MKL). Chevy Chase Trust Holdg reported 525 shares. Edgar Lomax Va reported 260 shares. Fcg Advsrs Ltd Llc stated it has 390 shares. Community Tru & Inv Communication invested 2.04% of its portfolio in Markel Corporation (NYSE:MKL). Assetmark accumulated 4 shares.

Since February 9, 2018, it had 1 buying transaction, and 17 insider sales for $3.06 million activity. $318,006 worth of stock was sold by Whitt Richard R III on Friday, February 9. Shares for $108,592 were sold by KIRSHNER ALAN I on Monday, July 2. Crouch Nora N had sold 90 shares worth $103,642 on Tuesday, May 22. Schewel Michael Jay bought $250,853 worth of stock or 225 shares. The insider MARKEL ANTHONY F sold 48 shares worth $53,770.

Davenport & Company Llc increased its stake in Mkl (MKL) by 0.6% based on its latest 2018Q1 regulatory filing with the SEC. Davenport & Company Llc bought 1,725 shares as the company’s stock rose 0.57% while stock markets declined. The institutional investor held 288,048 shares of the property-casualty insurers company at the end of 2018Q1, valued at $337.09B, up from 286,323 at the end of the previous reported quarter. Davenport & Company Llc who had been investing in Mkl for a number of months, seems to be bullish on the $16.43B market cap company. The stock increased 0.52% or $6.14 during the last trading session, reaching $1183.01. About 34,692 shares traded or 19.37% up from the average. Markel Corporation (NYSE:MKL) has risen 14.67% since August 10, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Davenport & Company Llc, which manages about $7.13B and $8113.60B US Long portfolio, decreased its stake in Gild (NASDAQ:GILD) by 3,347 shares to 10,267 shares, valued at $774.05 million in 2018Q1, according to the filing. It also reduced its holding in Yumc by 3,632 shares in the quarter, leaving it with 47,500 shares, and cut its stake in On (ONNN).

More notable recent Markel Corporation (NYSE:MKL) news were published by: Benzinga.com which released: “Earnings Scheduled For July 31, 2018” on July 31, 2018, also Seekingalpha.com with their article: “Markel Corporation (MKL) CEO Thomas Gayner on Q2 2018 Results – Earnings Call Transcript” published on August 01, 2018, Fool.com published: “3 Stocks to Hold for the Next 20 Years” on August 03, 2018. More interesting news about Markel Corporation (NYSE:MKL) were released by: Gurufocus.com and their article: “Tom Gayner’s Top 6 Buys in 2nd Quarter” published on August 06, 2018 as well as Gurufocus.com‘s news article titled: “Robert Olstein’s 5 New Positions for 2nd Quarter” with publication date: August 08, 2018.

Markel Corporation (NYSE:MKL) Ratings Coverage

Among 2 analysts covering Markel Corp (NYSE:MKL), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Markel Corp had 2 analyst reports since March 19, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Monday, March 19 by William Blair.

Markel Corporation (NYSE:MKL) Institutional Positions Chart

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