Markel Group Inc. (NYSE:MKL) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 99.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150 shares of the insurance provider's stock after selling 33,323 shares during the quarter. Confluence Investment Management LLC's holdings in Markel Group were worth $280,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Markel Group in the 4th quarter worth about $236,000. Blue Trust Inc. lifted its position in shares of Markel Group by 22.6% in the 4th quarter. Blue Trust Inc. now owns 239 shares of the insurance provider's stock worth $413,000 after buying an additional 44 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of Markel Group by 2.7% in the 4th quarter. Perigon Wealth Management LLC now owns 461 shares of the insurance provider's stock worth $816,000 after buying an additional 12 shares during the last quarter. Forsta AP Fonden lifted its position in shares of Markel Group by 6.5% in the 4th quarter. Forsta AP Fonden now owns 1,960 shares of the insurance provider's stock worth $3,383,000 after buying an additional 120 shares during the last quarter. Finally, Mediolanum International Funds Ltd lifted its position in shares of Markel Group by 175.0% in the 4th quarter. Mediolanum International Funds Ltd now owns 6,452 shares of the insurance provider's stock worth $11,104,000 after buying an additional 4,106 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MKL. Royal Bank of Canada increased their price objective on shares of 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. 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 raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday. One research 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's stock. Based on data from MarketBeat, Markel Group presently has a consensus rating of "Hold" and an average price target of $1,727.75.

Markel Group Price Performance

Markel Group stock traded up $17.67 during trading hours on Monday, hitting $1,959.37. 67,118 shares of the company traded hands, compared to its average volume of 51,116. The firm has a market cap of $24.85 billion, a P/E ratio of 9.84 and a beta of 0.84. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm's 50-day simple moving average is $1,833.42 and its two-hundred day simple moving average is $1,811.79. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68.

Insider Buying and Selling at Markel Group

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 shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the transaction, the director now owns 632 shares of the company's stock, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.66% of the stock is owned by corporate insiders.

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.