Markel Group Inc. $MKL Shares Sold by National Pension Service

National Pension Service trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 87.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,573 shares of the insurance provider’s stock after selling 18,054 shares during the period. National Pension Service’s holdings in Markel Group were worth $5,025,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Shields & Co. LLC raised its stake in shares of Markel Group by 3.2% during the 4th quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock valued at $344,000 after buying an additional 5 shares during the last quarter. Root Financial Partners LLC grew its holdings in Markel Group by 13.9% during the fourth quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 5 shares during the period. Moneta Group Investment Advisors LLC raised its position in Markel Group by 4.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after acquiring an additional 5 shares in the last quarter. Lido Advisors LLC lifted its holdings in Markel Group by 1.1% in the fourth quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock valued at $912,000 after acquiring an additional 5 shares during the period. Finally, CHICAGO TRUST Co NA lifted its holdings in Markel Group by 5.6% in the first quarter. CHICAGO TRUST Co NA now owns 113 shares of the insurance provider’s stock valued at $216,000 after acquiring an additional 6 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Price Performance

NYSE:MKL opened at $1,784.51 on Friday. Markel Group Inc. has a 52 week low of $1,719.41 and a 52 week high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $22.11 billion, a PE ratio of 9.81 and a beta of 0.65. The stock’s 50-day moving average price is $1,879.43 and its 200-day moving average price is $1,893.90.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MKL shares. Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Wolfe Research started coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating for the company. Finally, Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Company Profile

Markel Group Inc is a diversified financial holding company headquartered in Glen Allen, Virginia. Its principal business is specialty insurance, including commercial and personal lines, excess and surplus lines, professional liability, marine, workers’ compensation, and other niche coverage. The company also provides reinsurance and insurance-related services through subsidiaries and underwriting platforms.

Markel serves customers and business partners in the United States and international markets, including the United Kingdom, Europe, Canada, Asia-Pacific and other regions.