Stephens Inc. AR decreased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 64.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213 shares of the insurance provider's stock after selling 386 shares during the quarter. Stephens Inc. AR's holdings in Markel Group were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chapman Investment Management LLC raised its holdings in Markel Group by 1.3% in the first quarter. Chapman Investment Management LLC now owns 4,812 shares of the insurance provider's stock worth $8,997,000 after purchasing an additional 63 shares in the last quarter. Diversify Wealth Management LLC raised its holdings in Markel Group by 15.7% in the first quarter. Diversify Wealth Management LLC now owns 649 shares of the insurance provider's stock worth $1,181,000 after purchasing an additional 88 shares in the last quarter. Weil Company Inc. raised its holdings in Markel Group by 16.2% in the first quarter. Weil Company Inc. now owns 1,699 shares of the insurance provider's stock worth $3,176,000 after purchasing an additional 237 shares in the last quarter. Cerity Partners LLC raised its holdings in Markel Group by 13.3% in the first quarter. Cerity Partners LLC now owns 4,765 shares of the insurance provider's stock worth $8,909,000 after purchasing an additional 561 shares in the last quarter. Finally, MainStreet Investment Advisors LLC raised its holdings in Markel Group by 2.3% in the first quarter. MainStreet Investment Advisors LLC now owns 359 shares of the insurance provider's stock worth $671,000 after purchasing an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.
Markel Group Stock Up 0.6%
MKL stock opened at $2,031.58 on Friday. 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 quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a market cap of $25.78 billion, a P/E ratio of 14.97 and a beta of 0.84. The business's 50-day moving average price is $1,949.47 and its 200-day moving average price is $1,867.11.
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 transaction of $167,529.60. Following the sale, the director owned 632 shares of the company's stock, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.66% of the stock is currently owned by insiders.
Analyst Ratings Changes
Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $1,727.75.
Get Our Latest Analysis on MKL
Markel Group Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Group Inc. (NYSE:MKL - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Markel Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Markel Group wasn't on the list.
While Markel Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
