Parallel Advisors LLC Has $5.14 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

Parallel Advisors LLC grew its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,750 shares of the insurance provider's stock after buying an additional 152 shares during the quarter. Parallel Advisors LLC's holdings in Markel Group were worth $5,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quilter Plc lifted its position in shares of Markel Group by 7.2% during the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider's stock valued at $57,206,000 after acquiring an additional 2,234 shares during the last quarter. Royal Bank of Canada increased its position in shares of Markel Group by 14.5% in the fourth quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider's stock worth $84,833,000 after acquiring an additional 6,241 shares in the last quarter. WCM Investment Management LLC purchased a new stake in shares of Markel Group in the 4th quarter valued at approximately $252,000. Korea Investment CORP lifted its holdings in shares of Markel Group by 1.9% in the fourth quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider's stock valued at $14,236,000 after purchasing an additional 155 shares in the last quarter. Finally, Hudson Value Partners LLC grew its holdings in shares of Markel Group by 4.8% during the fourth quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider's stock valued at $5,764,000 after buying an additional 153 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Greta J. Harris sold 90 shares of the business's 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 transaction, the director now owns 632 shares of the company's stock, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.66% of the company's stock.

Markel Group Stock Down 0.3%

Shares of NYSE:MKL traded down $5.85 on Wednesday, reaching $1,951.92. The company had a trading volume of 15,849 shares, compared to its average volume of 51,067. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. The stock has a 50-day moving average price of $1,837.01 and a 200 day moving average price of $1,814.56. The stock has a market capitalization of $24.76 billion, a P/E ratio of 9.81 and a beta of 0.84. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MKL. Wall Street Zen downgraded Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada boosted their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Finally, Argus upgraded 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 assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Markel Group currently 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.