Markel Group Inc. (NYSE:MKL) Shares Sold by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. has reduced its holdings in Markel Group by 7.4%, selling 16,736 shares and now owning approximately 210,484 shares valued at $393.5 million.
• Analyst ratings for Markel Group have seen a shift, with Argus upgrading the stock from "hold" to "buy," while the overall consensus remains a "hold" with a target price of $1,820.33.
• In recent insider trading activity, Director Greta J. Harris sold 90 shares of Markel stock at an average price of $1,861.44, leading to a 12.47% decrease in her position.

Baillie Gifford & Co. cut its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 7.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,484 shares of the insurance provider's stock after selling 16,736 shares during the period. Baillie Gifford & Co. owned approximately 1.66% of Markel Group worth $393,523,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MKL. Sierra Ocean LLC purchased a new position in Markel Group during the first quarter worth about $28,000. ST Germain D J Co. Inc. raised its stake in shares of Markel Group by 300.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 15 shares during the period. McIlrath & Eck LLC raised its stake in shares of Markel Group by 866.7% in the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after acquiring an additional 26 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Markel Group in the 1st quarter valued at approximately $54,000. Finally, Versant Capital Management Inc raised its stake in shares of Markel Group by 178.6% in the 1st quarter. Versant Capital Management Inc now owns 39 shares of the insurance provider's stock valued at $73,000 after acquiring an additional 25 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Up 0.5%

MKL traded up $10.47 during trading hours on Tuesday, hitting $2,022.38. 11,555 shares of the company's stock were exchanged, compared to its average volume of 57,891. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68. The firm has a 50 day moving average of $1,962.48 and a 200 day moving average of $1,882.33. The firm has a market cap of $25.66 billion, a P/E ratio of 14.91 and a beta of 0.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the completion of the transaction, the director owned 632 shares in the company, valued at $1,176,430.08. The trade was a 12.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $1,820.33.

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.