Markel Group Inc. (NYSE:MKL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,935 shares of the insurance provider's stock after selling 4,284 shares during the quarter. Principal Financial Group Inc. owned about 4.28% of Markel Group worth $1,016,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Davis Selected Advisers raised its stake in Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after acquiring an additional 80,922 shares in the last quarter. Boston Partners boosted its holdings in shares of Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after acquiring an additional 42,178 shares in the last quarter. Norges Bank purchased a new stake in shares of Markel Group in the fourth 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 fourth quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock valued at $243,393,000 after acquiring an additional 915 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Markel Group by 19.3% in the fourth 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 in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction dated 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 transaction, the director directly owned 632 shares of the company's stock, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Markel Group Trading Up 1.8%

Shares of MKL stock traded up $35.47 during mid-day trading on Friday, reaching $1,997.21. The company's stock had a trading volume of 38,078 shares, compared to its average volume of 51,593. The company's 50 day simple moving average is $1,921.01 and its 200-day simple moving average is $1,848.55. 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 quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $25.34 billion, a PE ratio of 14.72 and a beta of 0.84.

Analyst Ratings Changes

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

Markel Group Company 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.