Chevy Chase Trust Holdings LLC Sells 15 Shares of Markel Group Inc. (NYSE:MKL)

Chevy Chase Trust Holdings LLC decreased its position in shares of Markel Group Inc. (NYSE:MKLFree Report) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 500 shares of the insurance provider’s stock after selling 15 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Markel Group were worth $935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MKL. Norges Bank bought a new stake in Markel Group during the fourth quarter worth about $254,795,000. GAMMA Investing LLC lifted its position in Markel Group by 210,656.4% during the first quarter. GAMMA Investing LLC now owns 115,916 shares of the insurance provider’s stock worth $216,718,000 after purchasing an additional 115,861 shares during the period. Proficio Capital Partners LLC bought a new stake in Markel Group during the fourth quarter worth about $169,852,000. Davis Selected Advisers raised its stake in Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after acquiring an additional 80,922 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Markel Group during the fourth quarter worth about $98,743,000. Institutional investors own 77.12% of the company’s stock.

Insider Activity

In related news, Director Greta J. Harris sold 90 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Argus raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,727.75.

Check Out Our Latest Stock Report on Markel Group

Markel Group Price Performance

MKL stock opened at $1,984.55 on Friday. The company has a 50 day simple moving average of $1,896.19 and a 200 day simple moving average of $1,838.19. The stock has a market cap of $25.18 billion, a price-to-earnings ratio of 14.63 and a beta of 0.85. Markel Group Inc. has a 1 year low of $1,491.03 and a 1 year high of $2,063.68. 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 Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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