Markel Group Inc. (NYSE:MKL) Stock Position Increased by Quilter Plc

Quilter Plc boosted its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,754 shares of the insurance provider's stock after buying an additional 615 shares during the quarter. Quilter Plc owned 0.27% of Markel Group worth $63,107,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MKL. 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 valued at $639,606,000 after purchasing an additional 80,922 shares in the last quarter. Boston Partners boosted its holdings in Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock worth $486,580,000 after buying an additional 42,178 shares in the last quarter. Norges Bank acquired a new position in Markel Group in the fourth quarter worth approximately $254,795,000. Bank of America Corp DE increased its holdings in shares of Markel Group by 0.7% in the fourth quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock valued at $243,393,000 after buying an additional 915 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Markel Group by 19.3% during 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 acquiring an additional 19,657 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Insider Buying and Selling

In related 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 transaction of $167,529.60. Following the transaction, the director now directly owns 632 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.66% of the company's stock.

Wall Street Analyst Weigh In

Separately, Argus upgraded 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 given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $1,727.75.

Markel Group Stock Performance

Markel Group stock opened at $1,997.32 on Friday. The firm's 50 day simple moving average is $1,896.19 and its 200-day simple moving average is $1,838.19. The company has a market cap of $25.35 billion, a P/E ratio of 14.72 and a beta of 0.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68.

About Markel Group

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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