Is Markel Corporation (NYSE:MKL
) a buy?
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Furthermore, let's analyze the newest info surrounding Markel Corporation (NYSE:MKL
What does the smart money think about Markel Corporation (NYSE:MKL)?
At the end of the second quarter, a total of 22 of the hedge funds we track held long positions in this stock, a change of 47% from one quarter earlier. With hedge funds' capital changing hands, there exists a select group of noteworthy hedge fund managers who were upping their holdings meaningfully.
According to our 13F database, Select Equity Group, managed by Robert Joseph Caruso, holds the largest position in Markel Corporation (NYSE:MKL). Select Equity Group has a $201.7 million position in the stock, comprising 2.8% of its 13F portfolio. On Select Equity Group's heels is Akre Capital Management, managed by Charles Akre, which held a $129.7 million position; 5.9% of its 13F portfolio is allocated to the company. Other hedge funds that hold long positions include Chuck Royce's Royce & Associates, Brian Ashford-Russell and Tim Woolley's Polar Capital and Murray Stahl's Horizon Asset Management.
Now, certain bigger names have jumped into Markel Corporation (NYSE:MKL) headfirst. Select Equity Group
, managed by Robert Joseph Caruso, assembled the most valuable position in Markel Corporation (NYSE:MKL). Select Equity Group had 201.7 million invested in the company at the end of the quarter. Charles Akre's Akre Capital Management
also initiated a $129.7 million position during the quarter. The other funds with new positions in the stock are Chuck Royce's Royce & Associates
, Brian Ashford-Russell and Tim Woolley's Polar Capital
, and Murray Stahl's Horizon Asset Management
Insider trading activity in Markel Corporation (NYSE:MKL)
Bullish insider trading is most useful when the company we're looking at has seen transactions within the past six months. Over the latest half-year time frame, Markel Corporation (NYSE:MKL) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here
We'll also examine the relationship between both of these indicators in other stocks similar to Markel Corporation (NYSE:MKL). These stocks are Validus Holdings, Ltd. (NYSE:VR
), American Financial Group (NYSE:AFG
), HCC Insurance Holdings, Inc. (NYSE:HCC
), Partnerre Ltd (NYSE:PRE
), and Axis Capital Holdings Limited (NYSE:AXS
). This group of stocks are the members of the property & casualty insurance industry and their market caps are closest to MKL's market cap.