Simon Quick Advisors LLC Makes New Investment in Markel Group Inc. (NYSE:MKL)

Simon Quick Advisors LLC purchased a new position in Markel Group Inc. (NYSE:MKL) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 211 shares of the insurance provider’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its position in Markel Group by 14.5% in the fourth quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider’s stock worth $84,833,000 after buying an additional 6,241 shares in the last quarter. Korea Investment CORP increased its position in Markel Group by 1.9% in the fourth quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider’s stock worth $14,236,000 after buying an additional 155 shares in the last quarter. Hudson Value Partners LLC increased its position in Markel Group by 4.8% in the fourth quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider’s stock worth $5,764,000 after buying an additional 153 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Markel Group by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider’s stock worth $99,987,000 after buying an additional 2,204 shares in the last quarter. Finally, Aviva PLC increased its position in Markel Group by 1,501.8% in the fourth quarter. Aviva PLC now owns 7,801 shares of the insurance provider’s stock worth $13,466,000 after buying an additional 7,314 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

Separately, Argus upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. One 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1,727.75.

Markel Group Stock Down 0.9%

Shares of MKL opened at $1,928.28 on Friday. The business’s 50 day moving average is $1,859.93 and its 200 day moving average is $1,825.68. The company has a market capitalization of $24.46 billion, a PE ratio of 9.69 and a beta of 0.85. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-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 Activity at Markel Group

In related news, Director Greta J. Harris sold 90 shares of Markel Group 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 sale, the director now owns 632 shares of the company’s stock, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.66% of the stock is owned by corporate insiders.

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.