Sather Financial Group Inc Sells 2,079 Shares of Markel Group Inc. (NYSE:MKL)

Key Points

• Sather Financial Group Inc reduced its stake in Markel Group Inc. by 7.3%, selling 2,079 shares and now holding 26,332 shares, which represents approximately 3.2% of its portfolio.
• Director Greta J. Harris sold 90 shares of Markel's stock for over $167,000, decreasing her ownership by 12.47% to around $1.18 million.
• Analysts have recently upgraded Markel Group's stock from a "hold" rating to a "buy" rating, suggesting a more favorable outlook for the company.

Sather Financial Group Inc reduced its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 7.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,332 shares of the insurance provider's stock after selling 2,079 shares during the quarter. Markel Group comprises approximately 3.2% of Sather Financial Group Inc's portfolio, making the stock its 14th biggest holding. Sather Financial Group Inc owned approximately 0.21% of Markel Group worth $49,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of Markel Group during the fourth quarter worth approximately $254,795,000. GAMMA Investing LLC raised its stake in shares of Markel Group by 210,656.4% during the first quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider's stock worth $216,718,000 after acquiring an additional 115,861 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Markel Group by 19.3% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock worth $209,891,000 after acquiring an additional 19,657 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Markel Group by 18.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,044 shares of the insurance provider's stock worth $174,425,000 after acquiring an additional 15,916 shares in the last quarter. Finally, Rockbridge Capital Management LLC bought a new position in shares of Markel Group in the fourth quarter worth approximately $24,834,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Argus upgraded 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 issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $1,820.33.

Insider Activity

In other news, Director Greta J. Harris sold 90 shares of the firm's 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 approximately $1,176,430.08. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.66% of the company's stock.

Markel Group Trading Down 0.1%

Shares of Markel Group stock traded down $2.18 on Wednesday, hitting $2,016.32. The stock had a trading volume of 10,560 shares, compared to its average volume of 57,724. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68. The stock has a market cap of $25.58 billion, a price-to-earnings ratio of 14.86 and a beta of 0.84. The stock's 50-day simple moving average is $1,964.82 and its two-hundred day simple moving average is $1,883.27.

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.