Carolina Wealth Advisors LLC Increases Position in Markel Group Inc. (NYSE:MKL)

Carolina Wealth Advisors LLC grew its position in Markel Group Inc. (NYSE:MKL - Free Report) by 5,650.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 230 shares of the insurance provider's stock after purchasing an additional 226 shares during the period. Carolina Wealth Advisors LLC's holdings in Markel Group were worth $430,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Northstar Group Inc. boosted its holdings in Markel Group by 19.5% in the first quarter. Northstar Group Inc. now owns 2,161 shares of the insurance provider's stock valued at $4,040,000 after purchasing an additional 352 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Markel Group by 14.5% in the fourth quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider's stock worth $84,833,000 after buying an additional 6,241 shares during the last quarter. Korea Investment CORP boosted its stake in shares of Markel Group by 1.9% in the fourth quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider's stock worth $14,236,000 after buying an additional 155 shares during the last quarter. Alpha Omega Wealth Management LLC grew its holdings in Markel Group by 6.6% during the first quarter. Alpha Omega Wealth Management LLC now owns 3,577 shares of the insurance provider's stock worth $6,688,000 after acquiring an additional 220 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Markel Group by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider's stock worth $99,987,000 after acquiring an additional 2,204 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the business's 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 transaction, the director owned 632 shares of the company's stock, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.66% of the company's stock.

Analyst Ratings Changes

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of "Hold" and a consensus target price of $1,727.75.

Markel Group Price Performance

Shares of MKL traded down $3.28 during mid-day trading on Tuesday, hitting $1,994.08. 54,160 shares of the company were exchanged, compared to its average volume of 51,528. 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 50 day moving average of $1,906.07 and a 200-day moving average of $1,842.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $25.30 billion, a price-to-earnings ratio of 14.70 and a beta of 0.85.

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.