Burns Matteson Capital Management LLC Takes Position in Markel Group Inc. (NYSE:MKL)

Burns Matteson Capital Management LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 241 shares of the insurance provider's stock, valued at approximately $451,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new stake in Markel Group during the first quarter worth about $28,000. ST Germain D J Co. Inc. raised its stake in 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 worth $37,000 after acquiring an additional 15 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of Markel Group by 866.7% in the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after purchasing an additional 26 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Markel Group in the first quarter valued at approximately $54,000. Finally, Versant Capital Management Inc grew its position in Markel Group by 178.6% during 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 last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Price Performance

MKL opened at $1,995.43 on Thursday. Markel Group Inc. has a 1 year low of $1,491.03 and a 1 year high of $2,063.68. The company's 50 day simple moving average is $1,944.17 and its 200 day simple moving average is $1,862.96. The stock has a market capitalization of $25.32 billion, a PE ratio of 14.71 and a beta of 0.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Greta J. Harris sold 90 shares of Markel Group 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 transaction of $167,529.60. Following the transaction, 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 filing with the SEC, which is accessible through this hyperlink. 1.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Argus upgraded 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 given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,727.75.

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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