First National Advisers LLC Has $3.07 Million Position in Markel Group Inc. (NYSE:MKL)

Key Points

• First National Advisers LLC boosted its holdings in Markel Group Inc. by 30.5% during Q1, now owning 1,642 shares valued at $3,070,000.
• Markel Group received a rating upgrade from "hold" to "buy" by Argus, with a consensus price target of $1,820.33.
• Institutional investors currently hold 77.12% of Markel Group's stock, indicating strong institutional interest in the company.

First National Advisers LLC grew its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 30.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,642 shares of the insurance provider's stock after purchasing an additional 384 shares during the period. First National Advisers LLC's holdings in Markel Group were worth $3,070,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Markel Group during the 1st quarter valued at about $28,000. ST Germain D J Co. Inc. grew its position in shares of Markel Group by 300.0% during the 1st 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 during the period. McIlrath & Eck LLC grew 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 worth $50,000 after buying an additional 26 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Markel Group during the 1st quarter worth approximately $54,000. Finally, Versant Capital Management Inc grew its holdings in Markel Group by 178.6% during the first quarter. Versant Capital Management Inc now owns 39 shares of the insurance provider's stock valued at $73,000 after purchasing an additional 25 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 90 shares of the stock in a transaction 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 completion of the transaction, the director owned 632 shares in the company, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.66% of the company's stock.

Analysts Set New Price Targets

Separately, Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $1,820.33.

Markel Group Stock Down 0.8%

MKL traded down $16.78 during trading hours on Monday, hitting $2,009.91. 41,689 shares of the company's stock were exchanged, compared to its average volume of 37,394. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The stock's 50-day moving average is $1,962.48 and its two-hundred day moving average is $1,882.33. The stock has a market cap of $25.51 billion, a price-to-earnings ratio of 14.81 and a beta of 0.84. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.

About Markel Group

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.