Bessemer Group Inc. increased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 49.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 736 shares of the insurance provider's stock after buying an additional 242 shares during the quarter. Bessemer Group Inc.'s holdings in Markel Group were worth $1,376,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in shares of Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after acquiring an additional 6 shares during the period. Wellington Shields & Co. LLC increased its holdings in Markel Group by 4.3% in the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock valued at $250,000 after purchasing an additional 6 shares in the last quarter. GAMMA Investing LLC raised its position in Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after purchasing an additional 7 shares during the period. Kensington Investment Counsel LLC raised its position in Markel Group by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 1,223 shares of the insurance provider's stock valued at $2,111,000 after purchasing an additional 8 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its stake in shares of Markel Group by 3.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider's stock worth $418,000 after purchasing an additional 8 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.
Insider Activity at Markel Group
In related news, Director Greta J. Harris sold 90 shares of the firm's stock in a transaction dated 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 transaction, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.66% of the company's stock.
Markel Group Price Performance
Shares of Markel Group stock traded up $35.47 on Thursday, hitting $1,997.21. The company had a trading volume of 38,078 shares, compared to its average volume of 51,573. 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 current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $25.34 billion, a PE ratio of 14.72 and a beta of 0.84. The business has a 50-day simple moving average of $1,913.44 and a 200-day simple moving average of $1,844.71.
Analyst Upgrades and Downgrades
Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $1,727.75.
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Markel Group Company Profile
(
Free Report)
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.
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