Manitou Investment Management Ltd. Invests $729,000 in Markel Group Inc. (NYSE:MKL)

Manitou Investment Management Ltd. bought a new position in Markel Group Inc. (NYSE:MKL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 390 shares of the insurance provider's stock, valued at approximately $729,000. Markel Group makes up approximately 0.1% of Manitou Investment Management Ltd.'s portfolio, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in Markel Group in the 4th quarter valued at approximately $37,000. ST Germain D J Co. Inc. increased its position in Markel Group by 300.0% in the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock worth $37,000 after buying an additional 15 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Markel Group in the fourth quarter worth $36,000. McIlrath & Eck LLC raised its position in shares of Markel Group by 866.7% during the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after purchasing an additional 26 shares during the period. Finally, Private Trust Co. NA lifted its stake in shares of 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 buying an additional 6 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 90 shares of the firm's stock in a transaction that occurred 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 sale, the director now directly owns 632 shares of the company's stock, valued at $1,176,430.08. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.66% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MKL. Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Wall Street Zen cut Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One 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, Markel Group presently has an average rating of "Hold" and a consensus target price of $1,727.75.

Markel Group Price Performance

Shares of MKL stock traded down $16.27 during trading hours on Tuesday, hitting $1,927.31. The stock had a trading volume of 39,468 shares, compared to its average volume of 51,592. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $24.45 billion, a price-to-earnings ratio of 9.68 and a beta of 0.85. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68. The stock's 50-day moving average price is $1,843.34 and its two-hundred day moving average price is $1,821.91.

Markel Group 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.