Voloridge Investment Management LLC Grows Stock Holdings in Markel Group Inc. (NYSE:MKL)

Voloridge Investment Management LLC boosted its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 81.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,079 shares of the insurance provider's stock after buying an additional 3,624 shares during the period. Voloridge Investment Management LLC owned about 0.06% of Markel Group worth $13,946,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MKL. SBI Securities Co. Ltd. acquired a new stake in Markel Group in the 4th quarter valued at $36,000. FPC Investment Advisory Inc. bought a new stake in shares of Markel Group during the fourth quarter worth $37,000. Private Trust Co. NA raised its position in shares of Markel Group by 23.1% during the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after acquiring an additional 6 shares during the last quarter. Assetmark Inc. boosted its position in shares of Markel Group by 140.0% in the 4th quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock worth $62,000 after purchasing an additional 21 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in Markel Group during the fourth quarter worth about $97,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MKL shares. Royal Bank of Canada boosted 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 downgraded 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $1,727.75.

Markel Group Price Performance

Shares of NYSE MKL traded up $46.90 during mid-day trading on Tuesday, hitting $1,907.35. 45,422 shares of the stock traded hands, compared to its average volume of 50,121. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. The company has a market cap of $24.19 billion, a PE ratio of 9.58 and a beta of 0.84. The firm has a 50 day simple moving average of $1,828.61 and a two-hundred day simple moving average of $1,804.94.

Insiders Place Their Bets

In other Markel Group 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 transaction 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. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven A. Markel sold 88 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the sale, the director now directly owns 63,436 shares of the company's stock, valued at approximately $117,992,863.08. This trade 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 owned by 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.