UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $174.43 Million Stock Position in Markel Group Inc. (NYSE:MKL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,044 shares of the insurance provider's stock after buying an additional 15,916 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.79% of Markel Group worth $174,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Davis Selected Advisers boosted its stake in shares of Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after purchasing an additional 80,922 shares during the last quarter. Boston Partners increased its stake in Markel Group by 17.6% during the fourth 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 purchased a new position in Markel Group in the fourth quarter valued at approximately $254,795,000. Bank of America Corp DE lifted its holdings in shares of Markel Group by 0.7% during the 4th quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock valued at $243,393,000 after acquiring an additional 915 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its position in Markel Group by 19.3% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock worth $209,891,000 after purchasing an additional 19,657 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Markel Group news, Director Steven A. Markel sold 88 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the sale, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.66% of the company's stock.

Markel Group Stock Down 0.0%

Shares of MKL traded down $0.77 during trading on Friday, reaching $1,858.49. The company's stock had a trading volume of 39,950 shares, compared to its average volume of 50,140. The company has a market cap of $23.57 billion, a price-to-earnings ratio of 9.34 and a beta of 0.84. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $1,828.48 and a two-hundred day moving average of $1,802.31. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MKL shares. Royal Bank of Canada raised their target price on Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Wall Street Zen lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Markel Group presently has a consensus rating of "Hold" and an average price target 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.