Kennondale Capital Management LLC Sells 13,919 Shares of Markel Group Inc. (NYSE:MKL)

Kennondale Capital Management LLC cut its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 90.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,465 shares of the insurance provider's stock after selling 13,919 shares during the quarter. Markel Group makes up approximately 3.0% of Kennondale Capital Management LLC's investment portfolio, making the stock its 4th largest position. Kennondale Capital Management LLC's holdings in Markel Group were worth $2,739,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. HighPoint Advisor Group LLC increased its position in shares of Markel Group by 20.5% in the first quarter. HighPoint Advisor Group LLC now owns 318 shares of the insurance provider's stock valued at $579,000 after buying an additional 54 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Markel Group by 6.0% during the 1st quarter. Allianz Asset Management GmbH now owns 1,230 shares of the insurance provider's stock worth $2,300,000 after purchasing an additional 70 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in Markel Group by 20.2% during the 1st quarter. J.W. Cole Advisors Inc. now owns 590 shares of the insurance provider's stock worth $1,103,000 after purchasing an additional 99 shares during the last quarter. TAGStone Capital Inc. acquired a new stake in Markel Group during the 1st quarter worth $200,000. Finally, Kestra Private Wealth Services LLC boosted its stake in Markel Group by 13.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 358 shares of the insurance provider's stock worth $669,000 after purchasing an additional 43 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction 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 transaction, the director owned 632 shares of the company's stock, valued at $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Markel Group has a consensus rating of "Hold" and an average price target of $1,820.33.

Markel Group Trading Down 0.9%

NYSE MKL traded down $18.67 on Thursday, reaching $2,005.06. 22,436 shares of the company were exchanged, compared to its average volume of 58,413. The business's fifty day moving average price is $1,956.46 and its 200 day moving average price is $1,873.27. The stock has a market capitalization of $25.43 billion, a P/E ratio of 14.78 and a beta of 0.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week 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.