Markel Group Inc. (NYSE:MKL) is Seneca House Advisors' 3rd Largest Position

Seneca House Advisors increased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,719 shares of the insurance provider's stock after purchasing an additional 466 shares during the quarter. Markel Group accounts for 5.2% of Seneca House Advisors' portfolio, making the stock its 3rd biggest holding. Seneca House Advisors owned about 0.05% of Markel Group worth $12,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MKL. Brighton Jones LLC bought a new position in shares of Markel Group during the fourth quarter valued at $236,000. E. Ohman J or Asset Management AB bought a new position in Markel Group in the fourth quarter valued at about $345,000. Yousif Capital Management LLC lifted its holdings in Markel Group by 5.4% in the fourth quarter. Yousif Capital Management LLC now owns 274 shares of the insurance provider's stock valued at $473,000 after acquiring an additional 14 shares during the period. Choreo LLC lifted its holdings in Markel Group by 7.3% in the fourth quarter. Choreo LLC now owns 941 shares of the insurance provider's stock valued at $1,624,000 after acquiring an additional 64 shares during the period. Finally, Crewe Advisors LLC bought a new position in Markel Group in the fourth quarter valued at about $97,000. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Performance

MKL traded up $30.63 during midday trading on Friday, reaching $1,967.74. The company had a trading volume of 51,410 shares, compared to its average volume of 51,585. 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 business has a 50-day moving average of $1,842.11 and a two-hundred day moving average of $1,819.85. The company has a market cap of $24.96 billion, a P/E ratio of 9.89 and a beta of 0.85. Markel Group Inc. has a 1 year low of $1,491.03 and a 1 year high of $2,063.68.

Insiders Place Their Bets

In related news, Director Greta J. Harris sold 90 shares of the stock in a transaction dated Friday, May 23rd. The stock was 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 owns 632 shares in the company, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.66% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MKL shares. Wall Street Zen downgraded Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Argus raised Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.