Robeco Institutional Asset Management B.V. Sells 197 Shares of Markel Group Inc. (NYSE:MKL)

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 16.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 995 shares of the insurance provider's stock after selling 197 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Markel Group were worth $1,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MKL. Norges Bank bought a new stake in shares of Markel Group in the 4th quarter valued at approximately $254,795,000. GAMMA Investing LLC grew its holdings in Markel Group by 210,656.4% during the 1st quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock valued at $216,718,000 after purchasing an additional 115,861 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Markel Group in the 4th quarter worth about $169,852,000. Davis Selected Advisers raised its position in Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after purchasing an additional 80,922 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Markel Group during the 4th quarter worth approximately $98,743,000. Institutional investors own 77.12% of the company's stock.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the 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 transaction, the director directly owned 632 shares in the company, valued at $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $1,727.75.

Markel Group Stock Up 1.8%

Shares of MKL traded up $35.47 during midday trading on Friday, reaching $1,997.21. 38,078 shares of the stock were exchanged, compared to its average volume of 51,673. The company has a market capitalization of $25.34 billion, a P/E ratio of 14.72 and a beta of 0.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52 week low of $1,491.03 and a 52 week high of $2,063.68. The company's 50 day moving average is $1,921.01 and its two-hundred day moving average is $1,848.55.

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.