15 Shares in Markel Group Inc. (NYSE:MKL) Purchased by Sierra Ocean LLC

Sierra Ocean LLC acquired a new position in Markel Group Inc. (NYSE:MKL) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 15 shares of the insurance provider’s stock, valued at approximately $28,000.

Several other hedge funds have also recently bought and sold shares of MKL. Brighton Jones LLC purchased a new stake in Markel Group in the 4th quarter worth about $236,000. Jones Financial Companies Lllp lifted its stake in Markel Group by 89.6% in the 4th quarter. Jones Financial Companies Lllp now owns 254 shares of the insurance provider’s stock worth $438,000 after acquiring an additional 120 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Markel Group in the 4th quarter worth about $36,000. Steward Partners Investment Advisory LLC lifted its stake in Markel Group by 3.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,199 shares of the insurance provider’s stock worth $2,070,000 after acquiring an additional 39 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Markel Group by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider’s stock worth $99,987,000 after purchasing an additional 2,204 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

Shares of MKL stock opened at $1,997.21 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68. The stock’s 50-day moving average is $1,921.01 and its two-hundred day moving average is $1,849.74. The firm has a market cap of $25.34 billion, a P/E ratio of 14.72 and a beta of 0.84.

Analyst Upgrades and Downgrades

Separately, Argus raised Markel Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. One investment 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,727.75.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 90 shares of the 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 transaction, the director owned 632 shares of the company’s stock, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through 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.