Global Assets Advisory LLC bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 153 shares of the insurance provider's stock, valued at approximately $272,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada raised its stake in Markel Group by 14.5% in the fourth quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider's stock valued at $84,833,000 after purchasing an additional 6,241 shares in the last quarter. Northstar Group Inc. raised 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 purchasing an additional 352 shares in the last quarter. Korea Investment CORP raised its stake in Markel Group by 1.9% in the fourth quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider's stock valued at $14,236,000 after purchasing an additional 155 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Markel Group by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider's stock valued at $99,987,000 after purchasing an additional 2,204 shares in the last quarter. Finally, Aviva PLC raised its stake in Markel Group by 1,501.8% in the fourth quarter. Aviva PLC now owns 7,801 shares of the insurance provider's stock valued at $13,466,000 after purchasing an additional 7,314 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Greta J. Harris sold 90 shares of the 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 transaction of $167,529.60. Following the completion of the sale, the director now owns 632 shares of the company's stock, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.66% of the company's stock.
Markel Group Price Performance
Shares of NYSE:MKL opened at $1,965.20 on Thursday. 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 stock has a market cap of $24.93 billion, a PE ratio of 14.48 and a beta of 0.85. The company's fifty day moving average is $1,887.58 and its 200 day moving average is $1,835.64. Markel Group Inc. has a 52 week low of $1,491.03 and a 52 week high of $2,063.68.
Analyst Upgrades and Downgrades
Separately, Argus raised shares of 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 given a buy rating to the company's stock. According to MarketBeat, Markel Group presently has an average rating of "Hold" and an average target price of $1,727.75.
Check Out Our Latest Analysis on Markel Group
About Markel Group
(
Free Report)
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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