Adalta Capital Management LLC Acquires 752 Shares of Markel Group Inc. (NYSE:MKL)

Adalta Capital Management LLC grew its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 41.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,566 shares of the insurance provider's stock after purchasing an additional 752 shares during the period. Markel Group makes up 2.3% of Adalta Capital Management LLC's portfolio, making the stock its 14th biggest position. Adalta Capital Management LLC's holdings in Markel Group were worth $4,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MKL. Private Trust Co. NA lifted its stake in Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after acquiring an additional 6 shares in the last quarter. Wellington Shields & Co. LLC grew its stake in Markel Group by 4.3% during the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock valued at $250,000 after acquiring an additional 6 shares in the last quarter. Gilbert & Cook Inc. increased its holdings in shares of Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after purchasing an additional 7 shares during the period. Greenleaf Trust lifted its position in shares of Markel Group by 3.4% in the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock worth $368,000 after purchasing an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Markel Group by 1.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after purchasing an additional 7 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Insider Activity

In other news, Director Steven A. Markel sold 1,146 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the completion of the transaction, the director now directly owns 63,722 shares of the company's stock, valued at approximately $118,426,699.78. This trade represents a 1.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is currently owned by company insiders.

Markel Group Stock Performance

Shares of NYSE:MKL traded down $0.77 on Friday, hitting $1,858.49. 39,950 shares of the company were exchanged, compared to its average volume of 50,051. 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 debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $23.57 billion, a price-to-earnings ratio of 9.34 and a beta of 0.84. The company's 50 day moving average price is $1,828.48 and its two-hundred day moving average price is $1,801.24.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MKL shares. Royal Bank of Canada upped their target price on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. Wall Street Zen lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.