Solidarity Wealth LLC Sells 16 Shares of Markel Group Inc. (NYSE:MKL)

Solidarity Wealth LLC reduced its holdings in Markel Group Inc. (NYSE:MKLFree Report) by 0.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,628 shares of the insurance provider’s stock after selling 16 shares during the period. Markel Group accounts for approximately 2.6% of Solidarity Wealth LLC’s portfolio, making the stock its 12th largest position. Solidarity Wealth LLC’s holdings in Markel Group were worth $10,523,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Inlet Private Wealth LLC grew its position in Markel Group by 21.9% in the first quarter. Inlet Private Wealth LLC now owns 306 shares of the insurance provider’s stock valued at $572,000 after acquiring an additional 55 shares during the period. First National Advisers LLC grew its holdings in shares of Markel Group by 30.5% during the first quarter. First National Advisers LLC now owns 1,642 shares of the insurance provider’s stock worth $3,070,000 after purchasing an additional 384 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Markel Group by 8.0% during the first quarter. LPL Financial LLC now owns 6,656 shares of the insurance provider’s stock worth $12,445,000 after purchasing an additional 492 shares during the last quarter. Texas Yale Capital Corp. grew its holdings in shares of Markel Group by 6.5% during the first quarter. Texas Yale Capital Corp. now owns 1,412 shares of the insurance provider’s stock worth $2,640,000 after purchasing an additional 86 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Markel Group by 3.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,645 shares of the insurance provider’s stock worth $4,945,000 after purchasing an additional 89 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Greta J. Harris sold 90 shares of Markel Group 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 completion of the sale, the director directly owned 632 shares of the company’s stock, valued at approximately $1,176,430.08. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.66% of the stock is currently owned by insiders.

Markel Group Stock Performance

Shares of NYSE MKL opened at $2,024.79 on Monday. The stock has a 50 day moving average price of $1,960.66 and a 200 day moving average price of $1,879.90. 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 0.62 and a current ratio of 0.62. The stock has a market capitalization of $25.69 billion, a PE ratio of 14.92 and a beta of 0.84.

Wall Street Analyst Weigh In

Separately, Argus upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,820.33.

Get Our Latest Analysis on Markel Group

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

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

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