Markel Group Inc. (NYSE:MKL) Shares Bought by Jennison Associates LLC

Jennison Associates LLC raised its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,631 shares of the insurance provider's stock after acquiring an additional 896 shares during the period. Jennison Associates LLC owned approximately 0.63% of Markel Group worth $148,879,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Tributary Capital Management LLC boosted its position in shares of Markel Group by 4.1% during the 1st quarter. Tributary Capital Management LLC now owns 842 shares of the insurance provider's stock valued at $1,574,000 after acquiring an additional 33 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in Markel Group in the 1st quarter valued at about $451,000. Allen Capital Group LLC grew its stake in shares of Markel Group by 7.9% in the 1st quarter. Allen Capital Group LLC now owns 192 shares of the insurance provider's stock valued at $359,000 after buying an additional 14 shares during the period. Larson Financial Group LLC increased its holdings in shares of Markel Group by 104.8% during the 1st quarter. Larson Financial Group LLC now owns 43 shares of the insurance provider's stock worth $80,000 after buying an additional 22 shares during the last quarter. Finally, West Family Investments Inc. purchased a new stake in shares of Markel Group during the 1st quarter valued at approximately $208,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Trading Up 0.6%

Shares of MKL traded up $11.50 during trading on Friday, reaching $2,031.58. 46,025 shares of the company traded hands, compared to its average volume of 51,607. The stock has a 50-day simple moving average of $1,946.91 and a 200-day simple moving average of $1,865.01. The stock has a market cap of $25.78 billion, a PE ratio of 14.97 and a beta of 0.84. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve 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.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction dated 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 directly owned 632 shares in the company, valued at $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research report 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $1,727.75.

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.