DAVENPORT & Co LLC Sells 997 Shares of Markel Group Inc. (NYSE:MKL)

DAVENPORT & Co LLC lowered its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 203,319 shares of the insurance provider's stock after selling 997 shares during the period. Markel Group makes up about 2.2% of DAVENPORT & Co LLC's investment portfolio, making the stock its 3rd largest holding. DAVENPORT & Co LLC owned approximately 1.60% of Markel Group worth $379,540,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of Markel Group during the fourth quarter valued at approximately $236,000. New York Life Investment Management LLC acquired a new stake in Markel Group during the 4th quarter valued at $387,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Markel Group by 13.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 285 shares of the insurance provider's stock valued at $492,000 after purchasing an additional 34 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Markel Group by 4.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 927 shares of the insurance provider's stock valued at $1,600,000 after buying an additional 37 shares during the period. Finally, QRG Capital Management Inc. lifted its position in shares of Markel Group by 18.2% in the fourth quarter. QRG Capital Management Inc. now owns 318 shares of the insurance provider's stock worth $549,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds 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 Markel Group 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 value of $167,529.60. Following the transaction, the director directly owned 632 shares of the company's stock, valued at $1,176,430.08. The trade was a 12.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by insiders.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,996.02 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $1,906.07 and a 200-day simple moving average of $1,842.86. The stock has a market capitalization of $25.33 billion, a price-to-earnings ratio of 14.71 and a beta of 0.85. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68.

Wall Street Analyst Weigh In

Separately, Argus raised 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $1,727.75.

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.

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