HBK Sorce Advisory LLC Purchases New Shares in Markel Group Inc. (NYSE:MKL)

HBK Sorce Advisory LLC bought a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 131 shares of the insurance provider's stock, valued at approximately $245,000.

Several other large investors also recently added to or reduced their stakes in MKL. Davis Selected Advisers raised its position in Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after acquiring an additional 80,922 shares during the period. Boston Partners lifted its position in Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after purchasing an additional 42,178 shares in the last quarter. Norges Bank purchased a new position in Markel Group during the fourth quarter valued at $254,795,000. Bank of America Corp DE raised its stake in shares of Markel Group by 0.7% in the fourth quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock worth $243,393,000 after buying an additional 915 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Markel Group by 19.3% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock valued at $209,891,000 after buying an additional 19,657 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Greta J. Harris sold 90 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the transaction, the director now directly owns 632 shares of the company's stock, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.66% of the company's stock.

Markel Group Price Performance

Shares of NYSE:MKL traded down $10.72 during midday trading on Friday, reaching $1,984.55. 91,779 shares of the company were exchanged, compared to its average volume of 51,519. The stock has a market cap of $25.18 billion, a PE ratio of 14.63 and a beta of 0.85. The business's fifty day moving average is $1,900.54 and its two-hundred day moving average is $1,840.36. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Wall Street Analyst Weigh In

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Markel Group has an average rating of "Hold" and an average price target of $1,727.75.

About Markel Group

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.