California State Teachers Retirement System Sells 311 Shares of Markel Group Inc. (NYSE:MKL)

California State Teachers Retirement System cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,888 shares of the insurance provider's stock after selling 311 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Markel Group worth $34,331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MKL. FPC Investment Advisory Inc. bought a new position in shares of Markel Group in the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. purchased a new stake in Markel Group in the fourth quarter valued at approximately $36,000. McIlrath & Eck LLC raised its stake in Markel Group by 866.7% in 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% in 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% in 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. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

Shares of NYSE:MKL traded up $28.84 during mid-day trading on Friday, reaching $1,938.20. 221,539 shares of the company traded hands, compared to its average volume of 51,052. 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 0.60 and a quick ratio of 0.60. The firm has a market cap of $24.59 billion, a PE ratio of 9.74 and a beta of 0.84. The company's 50 day moving average price is $1,831.93 and its 200-day moving average price is $1,808.08.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction that occurred on 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 sale, the director now directly owns 632 shares of the company's stock, valued at $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MKL has been the topic of several research reports. Royal Bank of Canada lifted 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 research note on Friday, February 7th. Wall Street Zen cut shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday. 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $1,727.75.

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.