Hutchinson Capital Management CA Decreases Position in Markel Corporation (MKL)

Hutchinson Capital Management CA Decreases Position in Markel Corporation (MKL)

Hutchinson Capital Management CA decreased its stake in shares of Markel Corporation (NYSE:MKL) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 17,273 shares of the company’s stock after selling 174 shares during the period. Markel Corporation makes up 4.3% of Hutchinson Capital Management CA’s investment portfolio, making the stock its 10th largest position. Hutchinson Capital Management CA owned approximately 0.12% of Markel Corporation worth $15,624,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MKL. Principal Financial Group Inc. increased its stake in shares of Markel Corporation by 3.3% in the third quarter. Principal Financial Group Inc. now owns 607,699 shares of the company’s stock valued at $564,412,000 after buying an additional 19,151 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Markel Corporation by 0.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 352,222 shares of the company’s stock valued at $327,133,000 after buying an additional 2,161 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Markel Corporation by 1.0% in the third quarter. DAVENPORT & Co LLC now owns 283,451 shares of the company’s stock valued at $263,261,000 after buying an additional 2,936 shares in the last quarter. Bessemer Group Inc. boosted its position in Markel Corporation by 0.3% in the second quarter. Bessemer Group Inc. now owns 214,783 shares of the company’s stock valued at $204,641,000 after buying an additional 740 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in Markel Corporation by 4.9% in the third quarter. BlackRock Fund Advisors now owns 193,199 shares of the company’s stock valued at $179,437,000 after buying an additional 8,968 shares in the last quarter. 74.49% of the stock is currently owned by institutional investors.

Markel Corporation (NYSE:MKL) traded down 0.62% during trading on Friday, reaching $925.17. The company’s stock had a trading volume of 5,574 shares. The firm has a market capitalization of $12.94 billion, a P/E ratio of 25.49 and a beta of 0.87. The stock has a 50-day moving average of $900.96 and a 200 day moving average of $910.88. Markel Corporation has a one year low of $806.41 and a one year high of $989.18.

MKL has been the subject of several research analyst reports. William Blair cut Markel Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, November 17th. Zacks Investment Research upgraded Markel Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 17th.

In other news, Vice Chairman Anthony F. Markel sold 105 shares of the company’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $896.00, for a total value of $94,080.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.65% of the stock is owned by corporate insiders.

Markel Corporation Company Profile

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. The Company monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance.

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