Davidson Kahn Capital Management LLC Sells 258 Shares of Markel Group Inc. (NYSE:MKL)

Davidson Kahn Capital Management LLC decreased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,665 shares of the insurance provider's stock after selling 258 shares during the quarter. Markel Group makes up about 2.4% of Davidson Kahn Capital Management LLC's investment portfolio, making the stock its 13th largest position. Davidson Kahn Capital Management LLC's holdings in Markel Group were worth $3,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Markel Group during the 4th quarter worth $36,000. ST Germain D J Co. Inc. increased its position in Markel Group by 300.0% in the first 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 raised its holdings in Markel Group by 866.7% during the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after purchasing an additional 26 shares during the last quarter. Private Trust Co. NA lifted its position in Markel Group by 23.1% during the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after purchasing an additional 6 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Markel Group by 140.0% in the 4th quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Insider Activity

In other Markel Group news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction dated 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 transaction, the director now directly owns 632 shares in the company, 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 is accessible through this link. 1.66% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Argus upgraded shares of 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 assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $1,727.75.

Markel Group Trading Down 0.2%

MKL traded down $3.51 during midday trading on Wednesday, reaching $1,985.47. 3,578 shares of the company were exchanged, compared to its average volume of 51,402. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68. The stock has a market capitalization of $25.20 billion, a P/E ratio of 14.62 and a beta of 0.85. The stock's 50-day simple moving average is $1,887.58 and its 200 day simple moving average is $1,835.64.

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.