Vontobel Holding Ltd. Acquires New Position in Markel Group Inc. (NYSE:MKL)

Vontobel Holding Ltd. acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 199 shares of the insurance provider's stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MKL. SBI Securities Co. Ltd. acquired a new position in Markel Group in the fourth quarter valued at approximately $36,000. ST Germain D J Co. Inc. boosted its stake in Markel Group by 300.0% in the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 15 shares during the period. McIlrath & Eck LLC boosted its position in shares of Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after buying an additional 26 shares during the period. Assetmark Inc. boosted its position in shares of Markel Group by 140.0% during the fourth quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock worth $62,000 after buying an additional 21 shares during the period. Finally, Versant Capital Management Inc boosted its position in shares of Markel Group by 178.6% during the first quarter. Versant Capital Management Inc now owns 39 shares of the insurance provider's stock worth $73,000 after buying an additional 25 shares during the period. 77.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $1,727.75.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction that occurred on 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 sale, the director owned 632 shares of the company's stock, valued at $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by insiders.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,983.95 on Tuesday. Markel Group Inc. has a 12 month low of $1,491.03 and a 12 month high of $2,063.68. The stock has a market cap of $25.17 billion, a price-to-earnings ratio of 14.62 and a beta of 0.84. The stock's 50 day moving average price is $1,921.01 and its 200 day moving average price is $1,850.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.

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.

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