IFM Investors Pty Ltd Buys 174 Shares of Markel Group Inc. (NYSE:MKL)

IFM Investors Pty Ltd increased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,427 shares of the insurance provider's stock after buying an additional 174 shares during the quarter. IFM Investors Pty Ltd's holdings in Markel Group were worth $4,538,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Markel Group during the fourth quarter worth about $236,000. Jones Financial Companies Lllp lifted its stake in Markel Group by 89.6% during the fourth quarter. Jones Financial Companies Lllp now owns 254 shares of the insurance provider's stock worth $438,000 after purchasing an additional 120 shares during the period. SBI Securities Co. Ltd. bought a new position in Markel Group during the fourth quarter worth about $36,000. Steward Partners Investment Advisory LLC lifted its stake in Markel Group by 3.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,199 shares of the insurance provider's stock worth $2,070,000 after purchasing an additional 39 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Markel Group by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider's stock worth $99,987,000 after purchasing an additional 2,204 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Price Performance

Shares of NYSE:MKL traded up $4.15 during trading on Tuesday, reaching $1,990.75. The stock had a trading volume of 4,505 shares, compared to its average volume of 60,248. Markel Group Inc. has a 52 week low of $1,491.03 and a 52 week high of $2,063.68. The business's 50-day moving average price is $1,924.43 and its 200 day moving average price is $1,852.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $25.25 billion, a PE ratio of 14.67 and a beta of 0.84.

Insider Activity

In other news, Director Greta J. Harris sold 90 shares of Markel Group 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 value 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. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.66% of the company's stock.

Wall Street Analyst Weigh In

Separately, Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.