Hengehold Capital Management LLC Raises Stock Holdings in Markel Group Inc. (NYSE:MKL)

Hengehold Capital Management LLC grew its stake in Markel Group Inc. (NYSE:MKL) by 28.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 303 shares of the insurance provider’s stock after acquiring an additional 67 shares during the quarter. Hengehold Capital Management LLC’s holdings in Markel Group were worth $566,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Markel Group during the 4th quarter valued at approximately $36,000. FPC Investment Advisory Inc. acquired a new stake in Markel Group in the 4th quarter valued at approximately $37,000. ST Germain D J Co. Inc. increased its position in shares of Markel Group by 300.0% during the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 15 shares during the period. McIlrath & Eck LLC increased its position in shares of Markel Group by 866.7% during the 4th quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider’s stock valued at $50,000 after purchasing an additional 26 shares during the period. Finally, Private Trust Co. NA grew its holdings in shares of Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 6 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

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. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,727.75.

Insider Activity

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 transaction of $167,529.60. Following the completion of the transaction, the director now owns 632 shares in the company, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.66% of the stock is currently owned by company insiders.

Markel Group Stock Down 0.9%

Shares of MKL opened at $1,928.28 on Friday. The firm has a market capitalization of $24.46 billion, a price-to-earnings ratio of 9.69 and a beta of 0.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The business’s fifty day moving average price is $1,859.93 and its two-hundred day moving average price is $1,825.68. Markel Group Inc. has a 52 week low of $1,491.03 and a 52 week high of $2,063.68.

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.