Kentucky Retirement Systems Insurance Trust Fund Buys Shares of 368 Markel Group Inc. (NYSE:MKL)

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Markel Group Inc. (NYSE:MKL) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 368 shares of the insurance provider’s stock, valued at approximately $688,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MKL. SBI Securities Co. Ltd. bought a new position in shares of Markel Group in the fourth quarter worth approximately $36,000. ST Germain D J Co. Inc. boosted its position in shares of Markel Group by 300.0% in the first quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 15 shares during the period. McIlrath & Eck LLC boosted its position in shares of Markel Group by 866.7% in the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider’s stock worth $50,000 after purchasing an additional 26 shares during the period. Private Trust Co. NA boosted its position in shares of Markel Group by 23.1% in the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 6 shares during the period. Finally, Assetmark Inc. boosted its position in shares of Markel Group by 140.0% during the fourth quarter. Assetmark Inc. now owns 36 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 21 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Up 0.3%

NYSE:MKL opened at $1,990.04 on Wednesday. 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 has a market capitalization of $25.25 billion, a P/E ratio of 14.67 and a beta of 0.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The company’s 50-day simple moving average is $1,883.44 and its 200-day simple moving average is $1,834.56.

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 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,727.75.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 90 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total value of $167,529.60. Following the transaction, the director now owns 632 shares of the company’s stock, valued at $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.66% of the stock is currently owned by corporate insiders.

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.