Bank of New York Mellon Corp Reduces Position in Markel Group Inc. (NYSE:MKL)

Bank of New York Mellon Corp lowered its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,260 shares of the insurance provider's stock after selling 648 shares during the quarter. Bank of New York Mellon Corp owned 0.37% of Markel Group worth $88,358,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MKL. ST Germain D J Co. Inc. lifted its stake in shares of 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 buying an additional 15 shares in the last quarter. McIlrath & Eck LLC grew its position in shares of Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after purchasing an additional 26 shares in the last quarter. Wayfinding Financial LLC bought a new stake in Markel Group during the 1st quarter valued at approximately $54,000. Assetmark Inc. lifted its holdings in Markel Group by 140.0% in the 4th quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock worth $62,000 after purchasing an additional 21 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Markel Group by 178.6% in the 1st quarter. Versant Capital Management Inc now owns 39 shares of the insurance provider's stock worth $73,000 after purchasing an additional 25 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Insider Activity at Markel Group

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 stock was sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the sale, the director directly owned 632 shares of the company's stock, valued at $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

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

Markel Group Price Performance

MKL stock traded down $21.13 during trading on Friday, hitting $1,973.03. 31,568 shares of the company's stock traded hands, compared to its average volume of 41,989. Markel Group Inc. has a 52 week low of $1,491.03 and a 52 week high of $2,063.68. The stock has a market capitalization of $25.04 billion, a price-to-earnings ratio of 22.28 and a beta of 0.84. The business has a fifty day simple moving average of $1,936.99 and a 200 day simple moving average of $1,857.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62.

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.