Markel Group Inc. (NYSE:MKL) Stake Reduced by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 9.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,105 shares of the insurance provider's stock after selling 843 shares during the period. Wedge Capital Management L L P NC owned 0.06% of Markel Group worth $15,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Markel Group during the 4th quarter worth about $37,000. ST Germain D J Co. Inc. lifted its position in Markel Group by 300.0% during the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after buying an additional 15 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Markel Group during the fourth quarter worth approximately $36,000. McIlrath & Eck LLC increased its position in shares of Markel Group by 866.7% in the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after acquiring an additional 26 shares in the last quarter. Finally, Private Trust Co. NA increased its position in shares of Markel Group by 23.1% in the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after acquiring an additional 6 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Down 1.1%

Shares of MKL traded down $20.88 during trading on Monday, reaching $1,942.61. The company's stock had a trading volume of 65,295 shares, compared to its average volume of 51,641. The company has a market cap of $24.64 billion, a price-to-earnings ratio of 9.76 and a beta of 0.85. 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 company has a fifty day moving average of $1,842.11 and a two-hundred day moving average of $1,820.56. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68.

Insiders Place Their Bets

In other 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 value of $167,529.60. Following the completion of the sale, the director now directly owns 632 shares in the company, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MKL. Wall Street Zen lowered shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Argus raised 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 given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Markel Group currently has a consensus rating of "Hold" and a consensus price target of $1,727.75.

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.