Kentucky Retirement Systems Acquires Shares of 865 Markel Group Inc. (NYSE:MKL)

Kentucky Retirement Systems acquired a new stake in Markel Group Inc. (NYSE:MKL) in the first quarter, Holdings Channel reports. The fund acquired 865 shares of the insurance provider’s stock, valued at approximately $1,617,000.

A number of other institutional investors have also recently bought and sold shares of the business. Private Trust Co. NA boosted its holdings in Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 6 shares during the period. Wellington Shields & Co. LLC raised its position in shares of Markel Group by 4.3% in the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider’s stock valued at $250,000 after buying an additional 6 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Markel Group by 12.7% in the 1st quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider’s stock valued at $116,000 after buying an additional 7 shares in the last quarter. Kensington Investment Counsel LLC raised its position in shares of Markel Group by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 1,223 shares of the insurance provider’s stock valued at $2,111,000 after buying an additional 8 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its position in shares of Markel Group by 3.4% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider’s stock valued at $418,000 after buying an additional 8 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,990.04 on Wednesday. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. The firm has a fifty day simple moving average of $1,883.44 and a 200 day simple moving average of $1,834.56. The company has a market capitalization of $25.25 billion, a PE ratio of 14.67 and a beta of 0.85. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 90 shares of Markel Group stock in a transaction dated Friday, May 23rd. The shares were 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 directly owns 632 shares in the company, valued at $1,176,430.08. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

Separately, Argus upgraded shares of 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 issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average price target of $1,727.75.

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.