Oak Thistle LLC Takes Position in Markel Group Inc. (NYSE:MKL)

Oak Thistle LLC bought a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 507 shares of the insurance provider's stock, valued at approximately $948,000.

A number of other large investors have also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Markel Group by 2.8% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 75,835 shares of the insurance provider's stock valued at $153,283,000 after purchasing an additional 2,064 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Markel Group by 1.2% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,802 shares of the insurance provider's stock valued at $10,847,000 after acquiring an additional 71 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Markel Group during the first quarter valued at about $537,000. Choreo LLC increased its position in shares of Markel Group by 48.0% during the first quarter. Choreo LLC now owns 1,393 shares of the insurance provider's stock worth $2,604,000 after acquiring an additional 452 shares during the period. Finally, HighPoint Advisor Group LLC increased its holdings in Markel Group by 20.5% in the first quarter. HighPoint Advisor Group LLC now owns 318 shares of the insurance provider's stock valued at $579,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Stock Performance

Shares of MKL traded down $18.67 during mid-day trading on Thursday, hitting $2,005.06. 32,238 shares of the company's stock were exchanged, compared to its average volume of 40,710. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68. The firm has a market capitalization of $25.44 billion, a P/E ratio of 14.78 and a beta of 0.84. The business's 50 day moving average is $1,956.46 and its two-hundred day moving average is $1,873.27. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling

In other news, Director Greta J. Harris sold 90 shares of Markel Group 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 transaction of $167,529.60. Following the completion of the sale, the director directly owned 632 shares in the company, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $1,820.33.

Markel Group 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.