Mirae Asset Global Investments Co. Ltd. Invests $115,000 in Markel Group Inc. (NYSE:MKL)

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Markel Group Inc. (NYSE:MKL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 62 shares of the insurance provider’s stock, valued at approximately $115,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MKL. Northstar Group Inc. increased its holdings in shares of Markel Group by 19.5% during the 1st quarter. Northstar Group Inc. now owns 2,161 shares of the insurance provider’s stock worth $4,040,000 after acquiring an additional 352 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Markel Group by 14.5% during the 4th quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider’s stock worth $84,833,000 after acquiring an additional 6,241 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Markel Group by 12.7% during the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock worth $116,000 after acquiring an additional 7 shares during the last quarter. Korea Investment CORP increased its holdings in shares of Markel Group by 1.9% during the 4th quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider’s stock worth $14,236,000 after acquiring an additional 155 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC increased its holdings in shares of Markel Group by 6.6% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 3,577 shares of the insurance provider’s stock worth $6,688,000 after acquiring an additional 220 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,997.21 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The stock’s fifty day moving average price is $1,921.01 and its two-hundred day moving average price is $1,849.74. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68. The firm has a market cap of $25.34 billion, a price-to-earnings ratio of 14.72 and a beta of 0.84.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 90 shares of the company’s stock in a transaction 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 transaction, the director directly owned 632 shares of the company’s stock, valued at $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Argus raised Markel Group from a “hold” rating to a “buy” rating in a 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 given a buy rating to the company’s stock. According to MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $1,727.75.

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.