Alpha Omega Wealth Management LLC Has $6.69 Million Holdings in Markel Group Inc. (NYSE:MKL)

Alpha Omega Wealth Management LLC increased its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 6.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,577 shares of the insurance provider's stock after acquiring an additional 220 shares during the period. Markel Group comprises approximately 1.3% of Alpha Omega Wealth Management LLC's investment portfolio, making the stock its 20th largest holding. Alpha Omega Wealth Management LLC's holdings in Markel Group were worth $6,688,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in Markel Group by 14.5% during the fourth quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider's stock worth $84,833,000 after purchasing an additional 6,241 shares during the period. WCM Investment Management LLC acquired a new stake in shares of Markel Group in the fourth quarter valued at approximately $252,000. Korea Investment CORP lifted its position 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 buying an additional 155 shares during the last quarter. Hudson Value Partners LLC boosted its stake in shares of Markel Group by 4.8% during the 4th quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider's stock worth $5,764,000 after acquiring an additional 153 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Markel Group by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider's stock valued at $99,987,000 after acquiring an additional 2,204 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MKL shares. Wall Street Zen cut shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Argus upgraded 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 assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $1,727.75.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 90 shares of the 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.66% of the stock is owned by company insiders.

Markel Group Stock Performance

Markel Group stock traded up $2.33 during midday trading on Thursday, hitting $1,931.72. The company's stock had a trading volume of 12,910 shares, compared to its average volume of 51,500. The company has a 50-day moving average price of $1,849.47 and a two-hundred day moving average price of $1,823.37. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The company has a market cap of $24.50 billion, a price-to-earnings ratio of 9.71 and a beta of 0.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

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.