Janney Montgomery Scott LLC Decreases Holdings in Markel Group Inc. (NYSE:MKL)

Janney Montgomery Scott LLC cut its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 6.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,502 shares of the insurance provider's stock after selling 298 shares during the period. Janney Montgomery Scott LLC's holdings in Markel Group were worth $8,417,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Northstar Group Inc. grew its position in Markel Group by 19.5% in the 1st 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. Cyndeo Wealth Partners LLC bought a new stake in shares of Markel Group during the 1st quarter valued at $200,000. Citadel Investment Advisory Inc. grew its position in shares of Markel Group by 0.5% during the 1st quarter. Citadel Investment Advisory Inc. now owns 16,014 shares of the insurance provider's stock valued at $29,940,000 after acquiring an additional 75 shares during the period. Hengehold Capital Management LLC grew its position in shares of Markel Group by 28.4% during the 1st quarter. Hengehold Capital Management LLC now owns 303 shares of the insurance provider's stock valued at $566,000 after acquiring an additional 67 shares during the period. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Markel Group during the 1st quarter valued at $217,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $1,727.75.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction 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 sale, the director now owns 632 shares in the company, valued at $1,176,430.08. The trade was a 12.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.66% of the company's stock.

Markel Group Price Performance

Shares of MKL traded up $7.93 during trading hours on Friday, reaching $1,958.45. 80,551 shares of the stock traded hands, compared to its average volume of 51,615. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68. The company's 50-day moving average price is $1,879.53 and its two-hundred day moving average price is $1,832.45. The company has a market cap of $24.85 billion, a P/E ratio of 14.43 and a beta of 0.85.

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.