Teacher Retirement System of Texas Acquires 148 Shares of Markel Group Inc. (NYSE:MKL)

Teacher Retirement System of Texas boosted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 0.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,711 shares of the insurance provider's stock after purchasing an additional 148 shares during the quarter. Teacher Retirement System of Texas owned about 0.13% of Markel Group worth $31,243,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MKL. Northstar Group Inc. raised its position in shares of 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. Royal Bank of Canada grew its holdings in shares of Markel Group by 14.5% in the 4th quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider's stock valued at $84,833,000 after buying an additional 6,241 shares during the period. Korea Investment CORP grew its holdings in shares of Markel Group by 1.9% in the 4th quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider's stock valued at $14,236,000 after buying an additional 155 shares during the period. Alpha Omega Wealth Management LLC increased its position in shares of Markel Group by 6.6% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 3,577 shares of the insurance provider's stock valued at $6,688,000 after buying an additional 220 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Markel Group by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider's stock worth $99,987,000 after buying an additional 2,204 shares during the period. Institutional investors own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a research note 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $1,727.75.

Markel Group Stock Up 1.8%

NYSE MKL traded up $35.47 on Friday, reaching $1,997.21. The company had a trading volume of 38,078 shares, compared to its average volume of 51,593. The company's fifty day moving average is $1,921.01 and its 200-day moving average is $1,848.55. The firm has a market capitalization of $25.34 billion, a price-to-earnings ratio of 14.72 and a beta of 0.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68.

Insider Buying and Selling

In other news, Director Greta J. Harris sold 90 shares of the firm's stock in a transaction dated 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 completion of the transaction, the director owned 632 shares in the company, valued at $1,176,430.08. This trade represents a 12.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.66% of the company's stock.

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.