Virginia Wealth Management Group Inc. Has $2.95 Million Holdings in Markel Group Inc. (NYSE:MKL)

Virginia Wealth Management Group Inc. grew its position in Markel Group Inc. (NYSE:MKL - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,579 shares of the insurance provider's stock after purchasing an additional 206 shares during the period. Virginia Wealth Management Group Inc.'s holdings in Markel Group were worth $2,952,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Davis Selected Advisers lifted its holdings in shares of Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after buying an additional 80,922 shares during the period. Boston Partners boosted its position in shares of Markel Group by 17.6% during the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after purchasing an additional 42,178 shares in the last quarter. Norges Bank acquired a new position in shares of Markel Group in the 4th quarter worth approximately $254,795,000. Bank of America Corp DE raised its holdings in shares of Markel Group by 0.7% in the 4th quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock worth $243,393,000 after purchasing an additional 915 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its stake in Markel Group by 19.3% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock valued at $209,891,000 after purchasing an additional 19,657 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MKL shares. Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Wall Street Zen lowered Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $1,727.75.

Markel Group Stock Up 0.8%

MKL traded up $15.61 on Thursday, reaching $1,945.00. 34,252 shares of the company traded hands, compared to its average volume of 51,664. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 9.77 and a beta of 0.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock's 50 day moving average price is $1,849.47 and its 200-day moving average price is $1,823.37. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68.

Insider Activity at Markel Group

In other Markel Group news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the completion of the sale, the director now directly owns 632 shares in the company, valued at $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by company insiders.

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.