GAM Holding AG Sells 1,128 Shares of Markel Group Inc. (NYSE:MKL)

GAM Holding AG cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 14.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,537 shares of the insurance provider's stock after selling 1,128 shares during the period. Markel Group accounts for approximately 0.9% of GAM Holding AG's holdings, making the stock its 27th biggest holding. GAM Holding AG owned about 0.05% of Markel Group worth $12,222,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of Markel Group by 14.5% in the 4th quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider's stock worth $84,833,000 after purchasing an additional 6,241 shares during the last quarter. Northstar Group Inc. lifted its stake in Markel Group by 19.5% in the first 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 period. Korea Investment CORP boosted its holdings in Markel Group by 1.9% during the fourth quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider's stock worth $14,236,000 after buying an additional 155 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Markel Group by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider's stock worth $99,987,000 after buying an additional 2,204 shares during the period. Finally, Aviva PLC grew its position in shares of Markel Group by 1,501.8% during the 4th quarter. Aviva PLC now owns 7,801 shares of the insurance provider's stock worth $13,466,000 after buying an additional 7,314 shares during the period. Institutional investors own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

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

Markel Group Price Performance

MKL opened at $1,958.45 on Friday. The stock has a market cap of $24.84 billion, a P/E ratio of 14.43 and a beta of 0.85. Markel Group Inc. has a 12 month low of $1,491.03 and a 12 month 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 company has a fifty day simple moving average of $1,875.75 and a 200 day simple moving average of $1,830.40.

Insider Activity

In related news, Director Greta J. Harris sold 90 shares of the firm's stock in a transaction 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 sale, the director now directly owns 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 legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.66% of the company's stock.

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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