Founders Capital Management LLC Has $677,000 Position in Markel Group Inc. (NYSE:MKL)

Founders Capital Management LLC lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 11.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 362 shares of the insurance provider’s stock after selling 45 shares during the period. Founders Capital Management LLC’s holdings in Markel Group were worth $677,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in Markel Group in the fourth quarter worth $37,000. ST Germain D J Co. Inc. boosted its holdings in 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 in the last quarter. SBI Securities Co. Ltd. bought a new stake in Markel Group in the fourth quarter worth $36,000. McIlrath & Eck LLC boosted its holdings in 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 in the last quarter. Finally, Private Trust Co. NA boosted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity at Markel Group

In related news, Director Greta J. Harris sold 90 shares of the stock in a transaction that occurred on 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 directly owns 632 shares in the company, valued at $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MKL shares. Wall Street Zen lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Argus raised 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 issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average target price of $1,727.75.

Markel Group Price Performance

MKL opened at $1,927.31 on Wednesday. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company’s 50 day simple moving average is $1,843.34 and its 200-day simple moving average is $1,821.91. The stock has a market capitalization of $24.45 billion, a P/E ratio of 9.68 and a beta of 0.85.

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.