Markel Group Inc. (NYSE:MKL) Position Decreased by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 11.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131 shares of the insurance provider’s stock after selling 17 shares during the period. Park Avenue Securities LLC’s holdings in Markel Group were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Private Trust Co. NA boosted its holdings 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 buying an additional 6 shares during the period. Wellington Shields & Co. LLC boosted its holdings in shares of Markel Group by 4.3% in the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider’s stock worth $250,000 after buying an additional 6 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of Markel Group by 1.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock worth $810,000 after buying an additional 7 shares during the period. Kensington Investment Counsel LLC boosted its holdings in shares of Markel Group by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 1,223 shares of the insurance provider’s stock worth $2,111,000 after buying an additional 8 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Markel Group by 3.4% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider’s stock worth $418,000 after buying an additional 8 shares during the period. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

Separately, Argus raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,727.75.

Insiders Place Their Bets

In related news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction dated 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 transaction, the director now directly owns 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.66% of the company’s stock.

Markel Group Trading Up 1.4%

NYSE:MKL opened at $1,956.21 on Tuesday. Markel Group Inc. has a 12 month low of $1,491.03 and a 12 month high of $2,063.68. The firm has a market cap of $24.81 billion, a price-to-earnings ratio of 9.83 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’s 50 day moving average is $1,859.93 and its 200-day moving average is $1,826.25.

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.