Praxis Investment Management Inc. raised its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 36.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 980 shares of the insurance provider's stock after acquiring an additional 260 shares during the quarter. Praxis Investment Management Inc.'s holdings in Markel Group were worth $1,832,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Davis Selected Advisers boosted its position in shares of Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after acquiring an additional 80,922 shares in the last quarter. Boston Partners boosted its position in shares of Markel Group by 17.6% during the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock worth $486,580,000 after acquiring an additional 42,178 shares in the last quarter. Norges Bank acquired a new position in shares of Markel Group during the 4th quarter worth about $254,795,000. Bank of America Corp DE lifted its holdings in shares of Markel Group by 0.7% in the 4th quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock valued at $243,393,000 after purchasing an additional 915 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Markel Group by 19.3% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock valued at $209,891,000 after purchasing an additional 19,657 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $1,727.75.
Check Out Our Latest Analysis on MKL
Markel Group Stock Performance
Shares of MKL stock traded up $7.93 during trading hours on Friday, reaching $1,958.45. 80,551 shares of the company's stock were exchanged, compared to its average volume of 51,615. The company has a market cap of $24.85 billion, a P/E ratio of 14.43 and a beta of 0.85. The company's 50 day moving average is $1,879.53 and its two-hundred day moving average is $1,832.96. 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 debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.
Insider Transactions at Markel Group
In other Markel Group news, Director Greta J. Harris sold 90 shares of the stock in a transaction on Friday, May 23rd. The stock was 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 represents a 12.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.66% of the company's stock.
About Markel Group
(
Free Report)
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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