Simon Quick Advisors LLC Buys Shares of 211 Markel Group Inc. (NYSE:MKL)

Simon Quick Advisors LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 211 shares of the insurance provider's stock, valued at approximately $394,000.

Other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in Markel Group during the fourth quarter worth $37,000. ST Germain D J Co. Inc. increased its holdings in Markel Group by 300.0% during the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock worth $37,000 after buying an additional 15 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Markel Group during the fourth quarter worth $36,000. McIlrath & Eck LLC increased its holdings in Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after buying an additional 26 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Markel Group by 23.1% in the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after purchasing an additional 6 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Performance

Shares of NYSE:MKL traded down $16.54 on Friday, hitting $1,928.28. The company had a trading volume of 25,409 shares, compared to its average volume of 51,765. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The stock has a market cap of $24.46 billion, a price-to-earnings ratio of 9.69 and a beta of 0.85. The stock has a 50 day moving average price of $1,859.93 and a 200 day moving average price of $1,825.96. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Greta J. Harris sold 90 shares of the stock in a transaction dated 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 sale, the director now directly owns 632 shares in the company, valued at $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.66% of the company's stock.

Analyst Ratings Changes

Separately, Argus upgraded 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 issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $1,727.75.

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.