Markel Group Inc. (NYSE:MKL) Shares Acquired by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,835 shares of the insurance provider's stock after acquiring an additional 2,064 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.60% of Markel Group worth $153,283,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MKL. Brighton Jones LLC purchased a new position in Markel Group in the fourth quarter worth $236,000. Virtu Financial LLC purchased a new position in shares of Markel Group in the fourth quarter valued at $697,000. American Century Companies Inc. increased its position in shares of Markel Group by 21.8% in the fourth quarter. American Century Companies Inc. now owns 15,938 shares of the insurance provider's stock valued at $27,513,000 after buying an additional 2,854 shares in the last quarter. Sei Investments Co. increased its position in shares of Markel Group by 0.9% in the fourth quarter. Sei Investments Co. now owns 7,067 shares of the insurance provider's stock valued at $12,199,000 after buying an additional 63 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Markel Group in the fourth quarter valued at $7,803,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Price Performance

Shares of MKL traded up $16.92 during trading hours on Friday, reaching $2,020.37. 13,781 shares of the company traded hands, compared to its average volume of 58,182. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $25.64 billion, a PE ratio of 14.89 and a beta of 0.84. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68. The stock has a fifty day simple moving average of $1,958.54 and a 200 day simple moving average of $1,875.35.

Analyst Ratings Changes

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research report 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. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of "Hold" and an average price target of $1,820.33.

Insider Activity at Markel Group

In related news, Director Greta J. Harris sold 90 shares of the stock in a transaction 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 sale, the director owned 632 shares of the company's stock, valued at $1,176,430.08. This trade represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by insiders.

Markel Group Company 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.