Weil Company Inc. Raises Stock Position in Markel Group Inc. (NYSE:MKL)

Weil Company Inc. raised its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 16.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,699 shares of the insurance provider's stock after acquiring an additional 237 shares during the period. Weil Company Inc.'s holdings in Markel Group were worth $3,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MKL. Cerity Partners LLC boosted its stake in shares of Markel Group by 13.3% during the first quarter. Cerity Partners LLC now owns 4,765 shares of the insurance provider's stock worth $8,909,000 after buying an additional 561 shares during the period. MainStreet Investment Advisors LLC boosted its stake in shares of Markel Group by 2.3% during the first quarter. MainStreet Investment Advisors LLC now owns 359 shares of the insurance provider's stock worth $671,000 after buying an additional 8 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Markel Group by 112.9% during the first quarter. Nisa Investment Advisors LLC now owns 1,341 shares of the insurance provider's stock worth $2,507,000 after buying an additional 711 shares during the period. Moloney Securities Asset Management LLC acquired a new stake in shares of Markel Group during the first quarter worth about $267,000. Finally, Axxcess Wealth Management LLC boosted its stake in shares of Markel Group by 0.7% during the first quarter. Axxcess Wealth Management LLC now owns 878 shares of the insurance provider's stock worth $1,642,000 after buying an additional 6 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.

Insider Transactions at Markel Group

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

Markel Group Stock Performance

NYSE MKL traded down $21.13 during trading hours on Friday, hitting $1,973.03. 31,568 shares of the stock were exchanged, compared to its average volume of 51,671. The company has a market cap of $25.04 billion, a price-to-earnings ratio of 14.54 and a beta of 0.84. 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 50-day moving average of $1,936.99 and a 200 day moving average of $1,857.89. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

Separately, Argus upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.