Markel Group Inc. (NYSE:MKL) Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC decreased its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,515 shares of the insurance provider's stock after selling 173 shares during the period. Richard Bernstein Advisors LLC's holdings in Markel Group were worth $6,572,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of MKL. Norges Bank purchased a new stake in shares of Markel Group in the 4th quarter valued at about $254,795,000. GAMMA Investing LLC grew its position in shares of Markel Group by 210,656.4% during the first quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock worth $216,718,000 after acquiring an additional 115,861 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Markel Group in the 4th quarter valued at $169,852,000. Raymond James Financial Inc. acquired a new stake in Markel Group during the 4th quarter worth $98,743,000. Finally, Boston Partners raised its holdings in shares of Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after buying an additional 42,178 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Trading Up 1.8%

Shares of MKL opened at $1,997.21 on Monday. The firm's 50-day moving average is $1,921.01 and its two-hundred day moving average is $1,849.74. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $25.34 billion, a P/E ratio of 14.72 and a beta of 0.84.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction dated 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. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Markel Group presently 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.

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