Envestnet Asset Management Inc. Raises Position in Markel Group Inc. (NYSE:MKL)

Envestnet Asset Management Inc. grew its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 14.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 48,870 shares of the insurance provider's stock after acquiring an additional 5,984 shares during the period. Envestnet Asset Management Inc. owned about 0.38% of Markel Group worth $91,368,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Markel Group in the 1st quarter worth approximately $115,000. GAMMA Investing LLC lifted its holdings in Markel Group by 12.7% in the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after buying an additional 7 shares during the period. Vontobel Holding Ltd. bought a new stake in shares of Markel Group during the 1st quarter valued at about $372,000. Values Added Financial LLC boosted its holdings in shares of Markel Group by 42.0% during the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock worth $2,825,000 after buying an additional 447 shares in the last quarter. Finally, Northstar Group Inc. grew its holdings in Markel Group by 19.5% in the first quarter. Northstar Group Inc. now owns 2,161 shares of the insurance provider's stock worth $4,040,000 after purchasing an additional 352 shares during the period. Institutional investors own 77.12% of the company's stock.

Insider Activity

In other Markel Group news, Director Greta J. Harris sold 90 shares of the 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 completion of the transaction, the director owned 632 shares in the company, valued at $1,176,430.08. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is currently owned by insiders.

Markel Group Stock Down 1.1%

Markel Group stock traded down $21.13 during midday trading on Friday, hitting $1,973.03. 31,568 shares of the stock were exchanged, compared to its average volume of 41,989. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The business's 50-day moving average price is $1,936.99 and its 200-day moving average price is $1,857.89. The stock has a market capitalization of $25.04 billion, a price-to-earnings ratio of 22.28 and a beta of 0.84.

Analyst Ratings Changes

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.