Citadel Investment Advisory Inc. Buys 75 Shares of Markel Group Inc. (NYSE:MKL)

Citadel Investment Advisory Inc. lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,014 shares of the insurance provider’s stock after buying an additional 75 shares during the quarter. Markel Group comprises about 14.7% of Citadel Investment Advisory Inc.’s portfolio, making the stock its 2nd largest holding. Citadel Investment Advisory Inc.’s holdings in Markel Group were worth $29,940,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Davis Selected Advisers increased its stake in shares of 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 purchasing an additional 80,922 shares during the period. Boston Partners boosted its position in shares of Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock valued at $486,580,000 after acquiring an additional 42,178 shares during the period. Norges Bank bought a new stake in shares of Markel Group in the fourth quarter valued at about $254,795,000. Bank of America Corp DE boosted its position in shares of Markel Group by 0.7% in the fourth quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider’s stock valued at $243,393,000 after acquiring an additional 915 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. raised its stake in Markel Group by 19.3% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider’s stock worth $209,891,000 after purchasing an additional 19,657 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $167,529.60. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. 1.66% of the stock is currently owned by company insiders.

Markel Group Stock Performance

MKL opened at $1,928.28 on Monday. The firm has a market cap of $24.46 billion, a P/E ratio of 9.69 and a beta of 0.85. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The business’s fifty day moving average is $1,859.93 and its 200-day moving average is $1,825.96.

Analyst Ratings Changes

Separately, Argus upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. One equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,727.75.

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.