As Markel Corp (MKL) Share Value Declined, Atlanta Capital Management Co LLC Increased Stake

February 15, 2018 - By Stephen Andrade

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.11, from 1.06 in 2017Q2. It improved, as 29 investors sold MKL shares while 109 reduced holdings. 42 funds opened positions while 119 raised stakes. 10.44 million shares or 0.15% more from 10.42 million shares in 2017Q2 were reported. Moreover, Veritable Lp has 0.01% invested in Markel Corporation (NYSE:MKL). 678 are owned by Essex. Oakworth Capital reported 8 shares. Comerica Bancorp invested 0% in Markel Corporation (NYSE:MKL). Research Glob Invsts, a California-based fund reported 340,341 shares. 3,535 were reported by Jpmorgan Chase Com. Thompson Siegel Walmsley Limited holds 30,714 shares or 0.39% of its portfolio. 4,202 are owned by Gulf Comml Bank (Uk). Blair William And Co Il has 325 shares. 364 were reported by Ls Advsrs Ltd Company. Texas Yale Cap reported 1,270 shares or 0.12% of all its holdings. Envestnet Asset Management accumulated 0.01% or 4,894 shares. Wells Fargo Comm Mn, a California-based fund reported 76,310 shares. Gofen & Glossberg Ltd Il reported 0.06% of its portfolio in Markel Corporation (NYSE:MKL). Vantage Advisors Limited Liability Company stated it has 43 shares.

Since August 14, 2017, it had 0 insider purchases, and 10 selling transactions for $2.26 million activity. $107,770 worth of stock was sold by KIRSHNER ALAN I on Tuesday, October 3. 100 shares valued at $105,020 were sold by Whitt Richard R III on Monday, August 28. Shares for $316,254 were sold by Crowley F. Michael.

Atlanta Capital Management Co Llc increased its stake in Markel Corp (MKL) by 0.58% based on its latest 2017Q3 regulatory filing with the SEC. Atlanta Capital Management Co Llc bought 3,264 shares as the company’s stock declined 1.12% while stock markets rallied. The institutional investor held 567,924 shares of the property-casualty insurers company at the end of 2017Q3, valued at $606.53 million, up from 564,660 at the end of the previous reported quarter. Atlanta Capital Management Co Llc who had been investing in Markel Corp for a number of months, seems to be bullish on the $15.67B market cap company. The stock increased 1.18% or $13.135 during the last trading session, reaching $1128.145. About 9,783 shares traded. Markel Corporation (NYSE:MKL) has declined 1.06% since February 15, 2017 and is downtrending. It has underperformed by 17.76% the S&P500.

Atlanta Capital Management Co Llc, which manages about $16.77 billion and $17.67 billion US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 13,339 shares to 1,281 shares, valued at $322,000 in 2017Q3, according to the filing. It also reduced its holding in Bio Rad Labs Inc (NYSE:BIO) by 71,478 shares in the quarter, leaving it with 1.58 million shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

More important recent Markel Corporation (NYSE:MKL) news were published by: Prnewswire.com which released: “Markel names Saurabh Madaan Managing Director, Investments” on January 25, 2018, also Prnewswire.com published article titled: “Markel Reports 2017 Financial Results”, Seekingalpha.com published: “Markel (MKL) Q4 2017 Results – Earnings Call Transcript” on February 07, 2018. More interesting news about Markel Corporation (NYSE:MKL) was released by: Prnewswire.com and their article: “Markel Announces Conference Call Date And Time” with publication date: January 31, 2018.

Markel Corporation (NYSE:MKL) Ratings Coverage

Among 4 analysts covering Markel Corporation (NYSE:MKL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Markel Corporation had 11 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Thursday, July 27. The stock has “Hold” rating by RBC Capital Markets on Monday, August 28. The firm earned “Outperform” rating on Thursday, April 14 by William Blair. As per Friday, August 7, the company rating was downgraded by RBC Capital Markets. The stock of Markel Corporation (NYSE:MKL) has “Hold” rating given on Wednesday, February 7 by RBC Capital Markets. SunTrust maintained Markel Corporation (NYSE:MKL) rating on Thursday, August 4. SunTrust has “Neutral” rating and $950 target. On Monday, July 10 the stock rating was maintained by RBC Capital Markets with “Hold”. SunTrust maintained Markel Corporation (NYSE:MKL) on Wednesday, February 7 with “Hold” rating. The firm has “Buy” rating given on Wednesday, July 26 by Boenning & Scattergood. The firm earned “Hold” rating on Monday, October 2 by RBC Capital Markets.

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