Harbor Investment Advisory LLC Buys 280 Shares of Markel Group Inc. (NYSE:MKL)

Harbor Investment Advisory LLC grew its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 19.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,708 shares of the insurance provider's stock after acquiring an additional 280 shares during the quarter. Harbor Investment Advisory LLC's holdings in Markel Group were worth $3,192,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA boosted its stake 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. Wellington Shields & Co. LLC raised its holdings in shares of Markel Group by 4.3% in the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock worth $250,000 after buying an additional 6 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Markel Group by 3.4% in the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock worth $368,000 after buying an additional 7 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Markel Group by 1.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after buying an additional 7 shares in the last quarter. Finally, Kensington Investment Counsel LLC raised its holdings in shares of Markel Group by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 1,223 shares of the insurance provider's stock worth $2,111,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Argus raised Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, Wall Street Zen cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Markel Group presently has an average rating of "Hold" and a consensus price target of $1,727.75.

Markel Group Price Performance

NYSE:MKL traded up $4.62 during trading hours on Thursday, reaching $1,935.04. 20,663 shares of the company were exchanged, compared to its average volume of 51,187. The business has a 50 day moving average of $1,838.55 and a 200 day moving average of $1,815.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. 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 market capitalization of $24.55 billion, a P/E ratio of 9.72 and a beta of 0.84.

Insider Activity

In other news, Director Greta J. Harris sold 90 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the transaction, the director now directly owns 632 shares in the company, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.66% of the stock is owned by corporate insiders.

Markel Group Company 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.