Markel Group Inc. (NYSE:MKL) Holdings Trimmed by Berkeley Inc

Berkeley Inc decreased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 21.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,670 shares of the insurance provider's stock after selling 1,262 shares during the quarter. Markel Group comprises about 4.2% of Berkeley Inc's investment portfolio, making the stock its 5th largest position. Berkeley Inc's holdings in Markel Group were worth $8,061,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Markel Group during the fourth quarter valued at $36,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group during the fourth quarter valued at $37,000. McIlrath & Eck LLC raised its stake in Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after purchasing an additional 26 shares in the last quarter. Private Trust Co. NA raised its stake in Markel Group by 23.1% during the fourth 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 in the last quarter. Finally, Assetmark Inc. raised its stake in Markel Group by 140.0% during the fourth quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MKL shares. Wall Street Zen cut shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada increased their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Finally, Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,727.75.

Insiders Place Their Bets

In related news, Director Greta J. Harris sold 90 shares of the firm'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 value of $167,529.60. Following the sale, the director now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.66% of the stock is currently owned by insiders.

Markel Group Trading Up 1.5%

MKL stock traded up $28.84 during mid-day trading on Friday, hitting $1,938.20. 221,539 shares of the company were exchanged, compared to its average volume of 51,052. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $24.59 billion, a P/E ratio of 9.74 and a beta of 0.84. The business has a fifty day simple moving average of $1,833.42 and a 200-day simple moving average of $1,810.04. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68.

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.