Rhumbline Advisers Sells 133 Shares of Markel Group Inc. (NYSE:MKL)

Rhumbline Advisers decreased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 17,094 shares of the insurance provider's stock after selling 133 shares during the period. Rhumbline Advisers owned about 0.13% of Markel Group worth $31,959,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC bought a new stake in shares of Markel Group in the first quarter worth $213,000. Parallel Advisors LLC raised its stake in shares of Markel Group by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 2,750 shares of the insurance provider's stock worth $5,142,000 after purchasing an additional 152 shares in the last quarter. Summit Global Investments acquired a new stake in shares of Markel Group in the 1st quarter valued at approximately $974,000. GAMMA Investing LLC grew its stake in shares of Markel Group by 210,656.4% in the first quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock valued at $216,718,000 after buying an additional 115,861 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its holdings in Markel Group by 3.8% during the first quarter. AdvisorNet Financial Inc now owns 353 shares of the insurance provider's stock worth $660,000 after buying an additional 13 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MKL. Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Royal Bank of Canada upped their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Finally, Wall Street Zen cut Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $1,727.75.

Insider Buying and Selling at Markel Group

In related news, Director Greta J. Harris sold 90 shares of Markel Group 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 value of $167,529.60. Following the transaction, the director now directly owns 632 shares of the company's stock, valued at $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.66% of the company's stock.

Markel Group Trading Up 1.6%

Shares of Markel Group stock traded up $30.63 on Friday, hitting $1,967.74. The stock had a trading volume of 51,410 shares, compared to its average volume of 51,388. The stock has a 50 day moving average of $1,839.91 and a 200 day moving average of $1,816.94. The firm has a market capitalization of $24.96 billion, a P/E ratio of 9.89 and a beta of 0.85. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

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.