Blue Zone Wealth Advisors LLC Boosts Holdings in Markel Group Inc. (NYSE:MKL)

Blue Zone Wealth Advisors LLC raised its position in Markel Group Inc. (NYSE:MKL - Free Report) by 55.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,659 shares of the insurance provider's stock after buying an additional 1,301 shares during the period. Markel Group makes up about 1.9% of Blue Zone Wealth Advisors LLC's holdings, making the stock its 14th biggest holding. Blue Zone Wealth Advisors LLC's holdings in Markel Group were worth $6,841,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. SBI Securities Co. Ltd. purchased a new position in shares of Markel Group during the 4th quarter valued at approximately $36,000. FPC Investment Advisory Inc. bought a new position in Markel Group during the fourth quarter worth $37,000. ST Germain D J Co. Inc. lifted its stake 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 purchasing an additional 15 shares during the last quarter. McIlrath & Eck LLC lifted 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 worth $50,000 after purchasing an additional 26 shares during the last quarter. Finally, Private Trust Co. NA lifted 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 worth $55,000 after purchasing an additional 6 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Markel Group 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 sale, the director now directly owns 632 shares in the company, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MKL. Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Wall Street Zen lowered Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Royal Bank of Canada lifted their target price on 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Markel Group has a consensus rating of "Hold" and a consensus target price of $1,727.75.

Markel Group Trading Up 1.6%

Shares of MKL opened at $1,967.74 on Friday. The business's 50-day moving average price is $1,839.91 and its 200 day moving average price is $1,816.94. The stock has a market capitalization of $24.96 billion, a P/E ratio of 9.89 and a beta of 0.85. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

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.

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