TD Private Client Wealth LLC Buys 758 Shares of Markel Group Inc. (NYSE:MKL)

TD Private Client Wealth LLC increased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 85.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,640 shares of the insurance provider's stock after purchasing an additional 758 shares during the period. TD Private Client Wealth LLC's holdings in Markel Group were worth $3,066,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Boston Partners grew its holdings in Markel Group by 17.6% in the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock worth $486,580,000 after acquiring an additional 42,178 shares during the last quarter. Norges Bank bought a new position in shares of Markel Group during the fourth quarter valued at approximately $254,795,000. Bank of America Corp DE increased its stake in shares of Markel Group by 0.7% during the fourth quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock valued at $243,393,000 after purchasing an additional 915 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased 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 valued at $209,891,000 after purchasing an additional 19,657 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Markel Group by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 116,664 shares of the insurance provider's stock valued at $201,393,000 after acquiring an additional 1,975 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Trading Down 0.9%

Shares of MKL stock opened at $1,983.95 on Tuesday. Markel Group Inc. has a 1 year low of $1,491.03 and a 1 year high of $2,063.68. The firm has a fifty day moving average price of $1,921.01 and a 200-day moving average price of $1,850.78. 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 cap of $25.17 billion, a price-to-earnings ratio of 14.62 and a beta of 0.84.

Insider Buying and Selling at Markel Group

In related news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction on 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 transaction, the director owned 632 shares in the company, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.66% of the company's stock.

Wall Street Analyst Weigh In

Separately, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $1,727.75.

Markel Group 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.

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.