Edgestream Partners L.P. Purchases New Stake in Markel Group Inc. (NYSE:MKL)

Edgestream Partners L.P. purchased a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 721 shares of the insurance provider's stock, valued at approximately $1,348,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKL. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Markel Group in the first quarter valued at about $115,000. GAMMA Investing LLC lifted its holdings in shares of Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock worth $116,000 after acquiring an additional 7 shares during the last quarter. Vontobel Holding Ltd. bought a new position in shares of Markel Group in the first quarter worth about $372,000. Values Added Financial LLC lifted its holdings in shares of Markel Group by 42.0% in the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock worth $2,825,000 after acquiring an additional 447 shares during the last quarter. Finally, Northstar Group Inc. raised its holdings in Markel Group by 19.5% in the 1st quarter. Northstar Group Inc. now owns 2,161 shares of the insurance provider's stock valued at $4,040,000 after buying an additional 352 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $1,727.75.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director owned 632 shares of the company's stock, valued at $1,176,430.08. This trade represents a 12.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.66% of the stock is currently owned by company insiders.

Markel Group Trading Up 0.6%

NYSE:MKL traded up $11.50 on Friday, reaching $2,031.58. 46,025 shares of the stock traded hands, compared to its average volume of 51,648. The firm has a market capitalization of $25.78 billion, a price-to-earnings ratio of 14.97 and a beta of 0.84. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. 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 company's 50 day moving average is $1,949.47 and its 200-day moving average is $1,867.11.

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.