Private Advisor Group LLC Purchases 137 Shares of Markel Group Inc. (NYSE:MKL)

Private Advisor Group LLC lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 32.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 557 shares of the insurance provider’s stock after purchasing an additional 137 shares during the period. Private Advisor Group LLC’s holdings in Markel Group were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Markel Group during the 1st quarter valued at approximately $115,000. GAMMA Investing LLC increased its position in shares of Markel Group by 12.7% during the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock worth $116,000 after buying an additional 7 shares during the period. Vontobel Holding Ltd. bought a new position in Markel Group during the first quarter worth $372,000. Values Added Financial LLC lifted its holdings in Markel Group by 42.0% in the first quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider’s stock valued at $2,825,000 after buying an additional 447 shares during the period. Finally, Northstar Group Inc. boosted its position in Markel Group by 19.5% during the first quarter. Northstar Group Inc. now owns 2,161 shares of the insurance provider’s stock valued at $4,040,000 after acquiring an additional 352 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

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 transaction of $167,529.60. Following the completion of the sale, the director owned 632 shares in the company, 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.66% of the company’s stock.

Markel Group Trading Up 1.1%

NYSE:MKL opened at $2,024.79 on Monday. The firm has a fifty day simple moving average of $1,960.66 and a two-hundred day simple moving average of $1,879.90. 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 market capitalization of $25.69 billion, a price-to-earnings ratio of 14.92 and a beta of 0.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Wall Street Analysts Forecast Growth

Separately, Argus raised Markel Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $1,820.33.

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.