Bessemer Group Inc. grew its position in Markel Group Inc. (NYSE:MKL - Free Report) by 49.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 736 shares of the insurance provider's stock after purchasing 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 SEC.
Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Markel Group during the fourth quarter worth $36,000. ST Germain D J Co. Inc. raised its holdings in Markel Group by 300.0% during the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock worth $37,000 after buying an additional 15 shares during the last quarter. McIlrath & Eck LLC raised its holdings in 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 buying an additional 26 shares during the last quarter. Private Trust Co. NA raised its holdings in Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after buying an additional 6 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in Markel Group by 140.0% during the fourth quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock worth $62,000 after buying an additional 21 shares during the last quarter. 77.12% of the stock is owned by institutional investors.
Markel Group Stock Performance
Shares of MKL stock opened at $1,984.55 on Monday. The firm has a 50-day moving average of $1,900.54 and a 200-day moving average of $1,840.36. The company has a market cap of $25.18 billion, a P/E ratio of 14.63 and a beta of 0.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68.
Analyst Ratings Changes
Separately, Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One research 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $1,727.75.
Read Our Latest Report on MKL
Insider Buying and Selling
In other Markel Group news, Director Greta J. Harris sold 90 shares of the stock in a transaction dated 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 now owns 632 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is currently owned by corporate insiders.
Markel Group Company Profile
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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.
Further Reading
Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Group Inc. (NYSE:MKL - Free Report).
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