161 Shares in Markel Group Inc. (NYSE:MKL) Acquired by JGP Wealth Management LLC

JGP Wealth Management LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 161 shares of the insurance provider's stock, valued at approximately $301,000.

Other hedge funds have also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in shares of Markel Group in the fourth quarter worth approximately $37,000. SBI Securities Co. Ltd. purchased a new stake in shares of Markel Group during the fourth quarter worth about $36,000. McIlrath & Eck LLC grew its stake in shares of Markel Group by 866.7% in the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after purchasing an additional 26 shares during the last quarter. Private Trust Co. NA increased its holdings 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. Finally, Assetmark Inc. increased its holdings in Markel Group by 140.0% during the 4th quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 21 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Insider Activity

In other Markel Group news, Director Greta J. Harris sold 90 shares of the company's 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 transaction of $167,529.60. Following the completion of the sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.66% of the company's stock.

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of recent analyst reports. Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research report on Friday. Royal Bank of Canada boosted their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. Finally, Wall Street Zen lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Markel Group has a consensus rating of "Hold" and a consensus price target of $1,727.75.

Markel Group Stock Down 0.0%

Shares of MKL stock traded down $0.61 during trading hours on Tuesday, hitting $1,958.85. 53,700 shares of the company's stock traded hands, compared to its average volume of 51,126. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $24.85 billion, a price-to-earnings ratio of 9.84 and a beta of 0.84. The stock's fifty day simple moving average is $1,835.25 and its two-hundred day simple moving average is $1,813.55. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68.

About Markel Group

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.