Markel Group Inc. (NYSE:MKL) Stock Position Increased by Check Capital Management Inc. CA

Check Capital Management Inc. CA raised its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 2.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 79,086 shares of the insurance provider's stock after purchasing an additional 1,921 shares during the quarter. Markel Group accounts for 4.3% of Check Capital Management Inc. CA's portfolio, making the stock its 3rd biggest position. Check Capital Management Inc. CA owned 0.62% of Markel Group worth $147,860,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sierra Ocean LLC purchased a new stake in Markel Group in the first quarter worth $28,000. ST Germain D J Co. Inc. lifted its position in shares of Markel Group by 300.0% in the 1st 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 period. McIlrath & Eck LLC boosted its stake in shares of Markel Group by 866.7% during 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 in the last quarter. Wayfinding Financial LLC bought a new position in Markel Group in the first quarter worth about $54,000. Finally, Assetmark Inc. lifted its holdings in Markel Group by 140.0% in 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 period. Institutional investors own 77.12% of the company's stock.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following the sale, the director directly owned 632 shares of the company's stock, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a 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 given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $1,727.75.

Markel Group Stock Up 1.6%

Shares of MKL stock traded up $31.00 during trading hours on Monday, hitting $2,008.20. 34,147 shares of the company's stock traded hands, compared to its average volume of 59,861. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock's fifty day simple moving average is $1,936.99 and its two-hundred day simple moving average is $1,859.35. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68. The stock has a market cap of $25.47 billion, a price-to-earnings ratio of 14.80 and a beta of 0.84.

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.