Nisa Investment Advisors LLC Purchases 711 Shares of Markel Group Inc. (NYSE:MKL)

Nisa Investment Advisors LLC grew its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 112.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,341 shares of the insurance provider's stock after purchasing an additional 711 shares during the period. Nisa Investment Advisors LLC's holdings in Markel Group were worth $2,507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new position in shares of Markel Group during the first quarter worth $28,000. ST Germain D J Co. Inc. grew its stake in Markel Group by 300.0% during the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock worth $37,000 after buying an additional 15 shares during the last quarter. McIlrath & Eck LLC grew its stake in Markel Group by 866.7% during the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after buying an additional 26 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Markel Group in the 1st quarter valued at approximately $54,000. Finally, Assetmark Inc. grew its stake in shares of Markel Group by 140.0% in the 4th quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the stock in a transaction that occurred 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 directly owned 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.66% of the stock is owned by insiders.

Markel Group Trading Down 1.1%

NYSE:MKL opened at $1,973.03 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68. The business's 50-day simple moving average is $1,936.99 and its 200 day simple moving average is $1,859.35. The stock has a market cap of $25.04 billion, a price-to-earnings ratio of 14.54 and a beta of 0.84.

Analysts Set New Price Targets

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

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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