USS Investment Management Ltd Sells 506 Shares of Markel Group Inc. (NYSE:MKL)

USS Investment Management Ltd trimmed its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 20.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in MKL. Voloridge Investment Management LLC grew its holdings in Markel Group by 81.3% during the 4th quarter. Voloridge Investment Management LLC now owns 8,079 shares of the insurance provider's stock valued at $13,946,000 after buying an additional 3,624 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its position in shares of Markel Group by 3.4% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider's stock worth $418,000 after buying an additional 8 shares during the period. Waverly Advisors LLC lifted its position in shares of Markel Group by 7.3% during the 4th quarter. Waverly Advisors LLC now owns 559 shares of the insurance provider's stock valued at $965,000 after acquiring an additional 38 shares during the last quarter. Victrix Investment Advisors acquired a new stake in shares of Markel Group during the 4th quarter valued at $608,000. Finally, Squarepoint Ops LLC raised its stake in Markel Group by 96.9% during the 4th quarter. Squarepoint Ops LLC now owns 7,198 shares of the insurance provider's stock valued at $12,425,000 after purchasing an additional 3,542 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MKL shares. Royal Bank of Canada upped their price target on shares of 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 report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $1,727.75.

Markel Group Stock Down 0.1%

NYSE:MKL traded down $1.99 during trading hours on Thursday, reaching $1,897.33. The company had a trading volume of 11,286 shares, compared to its average volume of 50,047. 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 firm has a market cap of $24.07 billion, a price-to-earnings ratio of 9.53 and a beta of 0.84. The business's 50-day simple moving average is $1,831.12 and its two-hundred day simple moving average is $1,806.29. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68.

Insider Buying and Selling

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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.66% of the stock is owned by corporate insiders.

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.