Markel Group Inc. (NYSE:MKL) Stock Holdings Reduced by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC lowered its holdings in Markel Group Inc. (NYSE:MKL) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,570 shares of the insurance provider’s stock after selling 34 shares during the period. Markel Group makes up 4.0% of Evergreen Wealth Management LLC’s portfolio, making the stock its 7th biggest position. Evergreen Wealth Management LLC’s holdings in Markel Group were worth $6,675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MKL. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Markel Group in the 1st quarter worth approximately $115,000. GAMMA Investing LLC boosted its stake 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 purchasing an additional 7 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in Markel Group during the 1st quarter valued at about $372,000. Values Added Financial LLC raised its position in shares of Markel Group by 42.0% in the 1st quarter. Values Added Financial LLC now owns 1,511 shares of the insurance provider’s stock valued at $2,825,000 after acquiring an additional 447 shares during the period. Finally, Northstar Group Inc. raised its holdings in Markel Group by 19.5% during the 1st quarter. Northstar Group Inc. now owns 2,161 shares of the insurance provider’s stock worth $4,040,000 after buying an additional 352 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Greta J. Harris sold 90 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the transaction, the director directly owned 632 shares of the company’s stock, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Argus raised 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 issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $1,727.75.

Markel Group Stock Performance

Shares of Markel Group stock traded up $3.39 during trading hours on Friday, hitting $2,023.47. 1,428 shares of the company’s stock traded hands, compared to its average volume of 51,415. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68. The stock has a market capitalization of $25.68 billion, a price-to-earnings ratio of 14.93 and a beta of 0.84. The company has a fifty day simple moving average of $1,944.17 and a 200-day simple moving average of $1,862.96. 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 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.