Marathon Asset Management Ltd Sells 1,915 Shares of Markel Group Inc. (NYSE:MKL)

Marathon Asset Management Ltd cut its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,040 shares of the insurance provider's stock after selling 1,915 shares during the period. Markel Group accounts for about 1.9% of Marathon Asset Management Ltd's portfolio, making the stock its 14th biggest position. Marathon Asset Management Ltd owned about 0.26% of Markel Group worth $61,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Davis Selected Advisers raised its holdings in Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after buying an additional 80,922 shares during the period. Boston Partners increased its position in Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after acquiring an additional 42,178 shares during the last quarter. Norges Bank purchased a new stake in shares of Markel Group in the fourth quarter valued at $254,795,000. Bank of America Corp DE lifted its holdings in shares of Markel Group by 0.7% in the 4th quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock worth $243,393,000 after acquiring an additional 915 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Markel Group by 19.3% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock worth $209,891,000 after purchasing an additional 19,657 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Argus raised shares of 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 given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Markel Group presently has an average rating of "Hold" and an average price target of $1,727.75.

Insider Transactions at Markel Group

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 shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the transaction, the director directly owned 632 shares of the company's stock, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.66% of the stock is currently owned by company insiders.

Markel Group Trading Down 0.2%

Shares of MKL traded down $3.28 during trading hours on Tuesday, reaching $1,994.08. 54,201 shares of the company traded hands, compared to its average volume of 61,190. The stock's fifty day moving average price is $1,906.07 and its 200 day moving average price is $1,842.86. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market cap of $25.30 billion, a price-to-earnings ratio of 14.70 and a beta of 0.85. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68.

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.