Victory Capital Management Inc. Sells 403 Shares of Markel Group Inc. (NYSE:MKL)

Victory Capital Management Inc. reduced its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 6.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,523 shares of the insurance provider's stock after selling 403 shares during the quarter. Victory Capital Management Inc.'s holdings in Markel Group were worth $10,326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of Markel Group during the first quarter worth about $28,000. ST Germain D J Co. Inc. lifted its holdings in Markel Group by 300.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 15 shares in the last quarter. McIlrath & Eck LLC increased its stake in shares of Markel Group by 866.7% during the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock valued at $50,000 after acquiring an additional 26 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Markel Group during the 1st quarter worth approximately $54,000. Finally, Versant Capital Management Inc boosted its holdings in Markel Group by 178.6% in the 1st quarter. Versant Capital Management Inc now owns 39 shares of the insurance provider's stock worth $73,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the business'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 transaction, the director directly owned 632 shares of the company's stock, valued at $1,176,430.08. The trade was a 12.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.66% of the company's stock.

Markel Group Stock Up 1.1%

NYSE MKL traded up $21.34 during trading hours on Friday, hitting $2,024.79. 34,564 shares of the company traded hands, compared to its average volume of 40,197. 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 twelve month low of $1,491.03 and a twelve month high of $2,063.68. The business's 50-day moving average is $1,958.54 and its 200-day moving average is $1,875.35. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of 14.92 and a beta of 0.84.

Wall Street Analysts Forecast Growth

Separately, Argus raised Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of "Hold" and an average price target of $1,820.33.

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.