Sumitomo Mitsui Trust Group Inc. Decreases Position in Markel Group Inc. (NYSE:MKL)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,666 shares of the insurance provider's stock after selling 139 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Markel Group worth $53,594,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MKL. SBI Securities Co. Ltd. acquired a new position in Markel Group during the fourth quarter worth approximately $36,000. ST Germain D J Co. Inc. increased its holdings in shares of Markel Group by 300.0% in the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 15 shares during the period. McIlrath & Eck LLC increased its holdings in shares of Markel Group by 866.7% in the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after purchasing an additional 26 shares during the period. 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 period. Finally, Assetmark Inc. increased its holdings in shares of Markel Group by 140.0% in the fourth quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Price Performance

Shares of Markel Group stock traded down $33.94 during trading on Wednesday, reaching $1,960.27. The company's stock had a trading volume of 49,781 shares, compared to its average volume of 51,574. 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 12-month low of $1,491.03 and a 12-month high of $2,063.68. The company has a market capitalization of $24.88 billion, a P/E ratio of 14.45 and a beta of 0.84. The business has a 50 day moving average price of $1,910.17 and a 200-day moving average price of $1,843.91.

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 sale, the director directly owned 632 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. 1.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.