Markel Group Inc. (NYSE:MKL) Stock Position Lifted by Northstar Group Inc.

Northstar Group Inc. grew its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 19.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,161 shares of the insurance provider's stock after buying an additional 352 shares during the period. Northstar Group Inc.'s holdings in Markel Group were worth $4,040,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Davis Selected Advisers boosted its holdings in shares of Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after buying an additional 80,922 shares during the period. Boston Partners boosted its holdings in shares of Markel Group by 17.6% in the 4th 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 period. Norges Bank acquired a new position in shares of Markel Group in the 4th quarter valued at about $254,795,000. Bank of America Corp DE boosted 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 buying an additional 915 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. boosted 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 buying an additional 19,657 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Markel Group currently has an average rating of "Hold" and a consensus price target of $1,727.75.

Insider Buying and Selling at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the company's 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 sale, the director now directly owns 632 shares of the company's stock, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.66% of the stock is currently owned by company insiders.

Markel Group Trading Down 0.9%

Markel Group stock opened at $1,928.28 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $1,859.93 and a two-hundred day moving average price of $1,825.96. The firm has a market capitalization of $24.46 billion, a price-to-earnings ratio of 9.69 and a beta of 0.85. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-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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