TD Asset Management Inc Raises Stake in Markel Group Inc. (NYSE:MKL)

Key Points

• TD Asset Management Inc. increased its holdings in Markel Group by 34.0%, owning 68,636 shares worth $128.3 million after purchasing an additional 17,413 shares.
• Director Greta J. Harris sold 90 shares of Markel stock for approximately $167,530, reducing her ownership by 12.47%.
• Markel Group has recently seen analyst ratings shift, with Argus upgrading its stock from a "hold" to a "buy" rating.

TD Asset Management Inc lifted its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 34.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,636 shares of the insurance provider's stock after purchasing an additional 17,413 shares during the period. TD Asset Management Inc owned about 0.54% of Markel Group worth $128,323,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Markel Group during the 1st quarter worth $115,000. GAMMA Investing LLC raised its stake in Markel Group by 12.7% in the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after acquiring an additional 7 shares during the period. Vontobel Holding Ltd. bought a new stake in Markel Group in the 1st quarter valued at about $372,000. Values Added Financial LLC raised its stake in Markel Group by 42.0% in the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider's stock valued at $2,825,000 after acquiring an additional 447 shares during the period. Finally, Northstar Group Inc. raised its stake in Markel Group by 19.5% in the 1st quarter. Northstar Group Inc. now owns 2,161 shares of the insurance provider's stock valued at $4,040,000 after acquiring an additional 352 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction dated 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 completion of the transaction, the director owned 632 shares of the company's stock, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.66% of the company's stock.

Markel Group Price Performance

MKL stock traded down $0.68 during mid-day trading on Wednesday, reaching $2,017.83. 8,918 shares of the company traded hands, compared to its average volume of 57,710. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $25.60 billion, a P/E ratio of 14.87 and a beta of 0.84. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68. The company has a fifty day moving average price of $1,964.82 and a 200-day moving average price of $1,883.27.

Wall Street Analyst Weigh In

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research note 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 data from MarketBeat.com, Markel Group presently has an average rating of "Hold" and an average price target of $1,820.33.

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.