Gateway Investment Advisers LLC Sells 12 Shares of Markel Group Inc. (NYSE:MKL)

Gateway Investment Advisers LLC lessened its stake in Markel Group Inc. (NYSE:MKL) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,539 shares of the insurance provider’s stock after selling 12 shares during the period. Gateway Investment Advisers LLC’s holdings in Markel Group were worth $6,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Quilter Plc boosted its holdings in shares of Markel Group by 7.2% in the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after buying an additional 2,234 shares in the last quarter. Royal Bank of Canada lifted its position in Markel Group by 14.5% during the fourth quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider’s stock valued at $84,833,000 after acquiring an additional 6,241 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Markel Group in the fourth quarter valued at approximately $252,000. Korea Investment CORP grew its holdings 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 purchasing an additional 155 shares during the last quarter. Finally, Hudson Value Partners LLC grew its holdings 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 purchasing an additional 153 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 1.6%

Shares of Markel Group stock opened at $1,967.74 on Friday. The firm’s 50 day simple moving average is $1,842.11 and its two-hundred day simple moving average is $1,818.99. The firm has a market capitalization of $24.96 billion, a price-to-earnings ratio of 9.89 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MKL. Wall Street Zen lowered Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Argus raised Markel Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,727.75.

Insider Activity

In related news, Director Greta J. Harris sold 90 shares of the firm’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 completion of the transaction, the director now owns 632 shares in the company, valued at $1,176,430.08. This trade represents a 12.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.66% 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.