Alta Capital Management LLC Sells 147 Shares of Markel Group Inc. (NYSE:MKL)

Alta Capital Management LLC cut its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,560 shares of the insurance provider's stock after selling 147 shares during the period. Alta Capital Management LLC's holdings in Markel Group were worth $4,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Markel Group during the fourth quarter valued at approximately $36,000. FPC Investment Advisory Inc. acquired a new stake in Markel Group during the 4th quarter valued at $37,000. ST Germain D J Co. Inc. raised its stake in Markel Group by 300.0% during the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 15 shares during the period. McIlrath & Eck LLC raised its stake in Markel Group by 866.7% during the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after purchasing an additional 26 shares during the period. Finally, Private Trust Co. NA raised its stake in Markel Group by 23.1% during the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after purchasing an additional 6 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Up 0.4%

Shares of NYSE:MKL traded up $7.93 during midday trading on Friday, hitting $1,958.45. 80,551 shares of the stock were exchanged, compared to its average volume of 51,683. The company has a market capitalization of $24.84 billion, a PE ratio of 14.43 and a beta of 0.85. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The business's fifty day simple moving average is $1,879.53 and its two-hundred day simple moving average is $1,832.45.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the completion of the sale, the director now owns 632 shares of the company's stock, valued at $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Markel Group currently has a consensus rating of "Hold" and an average target price of $1,727.75.

Markel Group Profile

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.