USS Investment Management Ltd Lowers Position in Markel Group Inc. (NYSE:MKL)

USS Investment Management Ltd decreased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 20.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,930 shares of the insurance provider's stock after selling 506 shares during the period. USS Investment Management Ltd's holdings in Markel Group were worth $3,337,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in Markel Group in the 4th quarter valued at $37,000. SBI Securities Co. Ltd. acquired a new stake in Markel Group in the fourth quarter valued at about $36,000. Private Trust Co. NA boosted its stake in 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 buying an additional 6 shares in the last quarter. Assetmark Inc. boosted its stake in 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 buying an additional 21 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in Markel Group in the fourth quarter valued at about $97,000. Institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada boosted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $1,727.75.

Insider Activity

In other news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the transaction, the director now owns 632 shares of the company's stock, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 88 shares of the company's stock in a transaction dated 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 transaction, the director now 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 disclosure for this sale can be found here. 1.66% of the stock is currently owned by corporate insiders.

Markel Group Stock Up 2.5%

NYSE MKL traded up $46.90 during trading hours on Tuesday, hitting $1,907.35. The company's stock had a trading volume of 45,422 shares, compared to its average volume of 50,121. The company has a market capitalization of $24.19 billion, a PE ratio of 9.58 and a beta of 0.84. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52 week low of $1,491.03 and a 52 week high of $2,063.68. The company's 50-day simple moving average is $1,828.61 and its two-hundred day simple moving average is $1,804.94.

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.