Pinnacle Associates Ltd. Sells 1,160 Shares of Markel Group Inc. (NYSE:MKL)

Pinnacle Associates Ltd. trimmed its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 18,897 shares of the insurance provider's stock after selling 1,160 shares during the quarter. Pinnacle Associates Ltd. owned about 0.15% of Markel Group worth $35,329,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Roundview Capital LLC boosted its holdings in shares of Markel Group by 1.4% during the 1st quarter. Roundview Capital LLC now owns 4,408 shares of the insurance provider's stock valued at $8,241,000 after acquiring an additional 61 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Markel Group by 17.5% during the 1st quarter. Venturi Wealth Management LLC now owns 403 shares of the insurance provider's stock valued at $753,000 after acquiring an additional 60 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Markel Group during the 1st quarter valued at about $948,000. Bank Julius Baer & Co. Ltd Zurich boosted 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 acquiring an additional 2,064 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Markel Group by 1.2% during the 1st 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. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the transaction, the director owned 632 shares in the company, valued at $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 is available at this link. 1.66% of the stock is owned by company insiders.

Markel Group Stock Performance

Shares of NYSE:MKL traded down $18.67 during trading on Thursday, hitting $2,005.06. The company's stock had a trading volume of 32,238 shares, compared to its average volume of 40,710. The company has a 50-day moving average of $1,958.54 and a 200-day moving average of $1,875.35. Markel Group Inc. has a 12 month low of $1,491.03 and a 12 month 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. The firm has a market cap of $25.44 billion, a price-to-earnings ratio of 14.78 and a beta of 0.84.

Wall Street Analysts Forecast Growth

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

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.