Cooke & Bieler LP Sells 20,327 Shares of Markel Group Inc. (NYSE:MKL)

Cooke & Bieler LP decreased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 37.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,031 shares of the insurance provider's stock after selling 20,327 shares during the quarter. Cooke & Bieler LP owned approximately 0.27% of Markel Group worth $63,625,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Tributary Capital Management LLC lifted its stake in shares of Markel Group by 4.1% during the first quarter. Tributary Capital Management LLC now owns 842 shares of the insurance provider's stock valued at $1,574,000 after acquiring an additional 33 shares during the period. Burns Matteson Capital Management LLC bought a new stake in Markel Group in the first quarter valued at about $451,000. Allen Capital Group LLC increased its holdings in Markel Group by 7.9% in the first quarter. Allen Capital Group LLC now owns 192 shares of the insurance provider's stock valued at $359,000 after purchasing an additional 14 shares during the last quarter. Larson Financial Group LLC increased its holdings in Markel Group by 104.8% in the first quarter. Larson Financial Group LLC now owns 43 shares of the insurance provider's stock valued at $80,000 after purchasing an additional 22 shares during the last quarter. Finally, West Family Investments Inc. bought a new stake in Markel Group in the first quarter valued at about $208,000. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Up 0.9%

MKL stock opened at $1,995.43 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $25.32 billion, a P/E ratio of 14.71 and a beta of 0.84. The business has a 50-day moving average of $1,944.17 and a 200-day moving average of $1,862.96. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68.

Wall Street Analysts Forecast Growth

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 issued a buy rating to the company's stock. According to data from MarketBeat, Markel Group currently has a consensus rating of "Hold" and a consensus price target of $1,727.75.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 90 shares of the 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 completion of the transaction, the director directly owned 632 shares of the company's stock, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.66% of the company's stock.

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.

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