GAMMA Investing LLC Acquires 115,861 Shares of Markel Group Inc. (NYSE:MKL)

GAMMA Investing LLC raised its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 210,656.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,916 shares of the insurance provider's stock after buying an additional 115,861 shares during the quarter. GAMMA Investing LLC owned about 0.91% of Markel Group worth $216,718,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Private Trust Co. NA lifted its holdings in shares of Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after buying an additional 6 shares during the last quarter. Wellington Shields & Co. LLC lifted its holdings in shares of Markel Group by 4.3% during the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock worth $250,000 after buying an additional 6 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Markel Group by 3.4% during the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock worth $368,000 after buying an additional 7 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of Markel Group by 1.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after buying an additional 7 shares during the last quarter. Finally, Kensington Investment Counsel LLC lifted its holdings in shares of Markel Group by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 1,223 shares of the insurance provider's stock worth $2,111,000 after buying an additional 8 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Markel Group

In other Markel Group 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 sale, the director now directly owns 632 shares in the company, valued at $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MKL shares. Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Wall Street Zen lowered Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada upped their target price on Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $1,727.75.

Markel Group Stock Performance

Shares of NYSE MKL traded up $4.51 during trading hours on Thursday, reaching $1,934.93. The stock had a trading volume of 48,105 shares, compared to its average volume of 51,388. The business's fifty day moving average is $1,838.55 and its two-hundred day moving average is $1,815.36. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $24.54 billion, a price-to-earnings ratio of 9.72 and a beta of 0.84. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month 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.