Markel Group Inc. (NYSE:MKL) Short Interest Update

Markel Group Inc. (NYSE:MKL - Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 150,000 shares, a decrease of 12.7% from the April 30th total of 171,800 shares. Based on an average trading volume of 56,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.2% of the company's stock are sold short.

Analysts Set New Price Targets

Several research firms have issued reports on MKL. Royal Bank of Canada upped their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Wall Street Zen cut shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Argus raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One equities 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. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $1,727.75.

Markel Group Price Performance

Shares of MKL stock traded up $4.59 during trading hours on Thursday, hitting $1,935.01. The company's stock had a trading volume of 19,832 shares, compared to its average volume of 63,010. The business has a fifty day moving average of $1,838.55 and a 200-day moving average of $1,815.36. The stock has a market cap of $24.55 billion, a price-to-earnings ratio of 9.72 and a beta of 0.84. Markel Group has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Insider Transactions at Markel Group

In related news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction on 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 transaction, the director now owns 632 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Corporate insiders own 1.66% of the company's stock.

Hedge Funds Weigh In On Markel Group

Hedge funds have recently made changes to their positions in the stock. Sierra Ocean LLC acquired a new position in shares of Markel Group in the 1st quarter valued at $28,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Markel Group by 183.3% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 11 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of Markel Group in the 1st quarter valued at $32,000. FPC Investment Advisory Inc. acquired a new position in shares of Markel Group in the 4th quarter valued at $37,000. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of Markel Group by 300.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

About Markel Group

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.