Illinois Municipal Retirement Fund boosted its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,294 shares of the insurance provider's stock after purchasing an additional 484 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.07% of Markel Group worth $17,376,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. HBK Sorce Advisory LLC purchased a new stake in Markel Group during the 1st quarter valued at about $245,000. Bessemer Group Inc. grew its position in Markel Group by 49.0% during the 1st quarter. Bessemer Group Inc. now owns 736 shares of the insurance provider's stock valued at $1,376,000 after purchasing an additional 242 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Markel Group during the 1st quarter valued at about $272,000. Kirr Marbach & Co. LLC IN grew its position in Markel Group by 0.6% during the 1st quarter. Kirr Marbach & Co. LLC IN now owns 8,075 shares of the insurance provider's stock valued at $15,097,000 after purchasing an additional 48 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Markel Group by 1.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 5,091 shares of the insurance provider's stock valued at $9,518,000 after purchasing an additional 81 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Markel Group
In other news, Director Greta J. Harris sold 90 shares of the 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 value of $167,529.60. Following the transaction, the director now owns 632 shares in the company, valued at $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.66% of the company's stock.
Markel Group Stock Performance
Shares of NYSE MKL opened at $1,997.32 on Friday. The firm's 50-day moving average price is $1,891.60 and its 200-day moving average price is $1,836.53. 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 market cap of $25.35 billion, a PE ratio of 14.72 and a beta of 0.85. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68.
Wall Street Analysts Forecast Growth
Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a 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 stock. Based on data from MarketBeat, Markel Group has an average rating of "Hold" and a consensus price target of $1,727.75.
Read Our Latest Stock Report on MKL
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.
Further Reading
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