Insider Trading: Steven A. Markel Bought $MKL

Steven A. Markel recently bought 12,500 shares in Markel Corp (MKL). Steven A. Markel is the vice chairman and director in Markel Corp. According to the Form 4 filing, Mr. Markel made 2 insider purchases for total 12,500 shares in MKL on November 15 and 16, giving him approximately 2.30 million shares in the company. His purchase price was about $396.6. MKL has return 4% year to date and is trading at $395.15 now.

Markel Corporation (NYSE:MKL)

Based on Insider Monkey’s hedge fund tracking list, fifteen hedge funds took MKL in their portfolios in the second quarter. Mason Hawkins’ Southeastern Asset Management had 791 thousand shares, down by 6% from Q1. Robert Joseph Caruso’s Select Equity Group increased its position by 19% to nearly 335 thousand shares.

According to Forbes, Steven A. Markel is 62 year old. He serves as “Vice Chairman since March 1992. Director, Union First Market Bankshares Corporation; Director, S&K Famous Brands, Inc., 1996-2009. Mr. Markel has been employed by the Company since 1975 and has been a member of its senior leadership team since it went public, with a focus on finance and investments. He has also served as a director of other public companies (Union First Market Bankshares Corporation and S&K Famous Brands). Mr. Markel’s knowledge of the company’s financial operations and of the investment environment in which the Company operates contributes to the Board’s oversight and understanding of the company’s financial position.”

Markel Corporation focuses on marketing and underwriting specialty insurance products and programs to a number of niche markets. The company operates excess and surplus lines segment, specialty admitted segment, and the London markets segment. The company was founded in 1930 and is based in Glen Allen, Virginia.

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