Adalta Capital Management LLC Increases Holdings in Markel Group Inc. (NYSE:MKL)

Adalta Capital Management LLC boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 41.5% during the 4th quarter, Holdings Channel reports. The firm owned 2,566 shares of the insurance provider’s stock after buying an additional 752 shares during the period. Markel Group comprises about 2.3% of Adalta Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Adalta Capital Management LLC’s holdings in Markel Group were worth $4,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MKL. McIlrath & Eck LLC grew its position in shares of Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider’s stock valued at $50,000 after purchasing an additional 26 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Markel Group by 18.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 101,044 shares of the insurance provider’s stock valued at $174,425,000 after buying an additional 15,916 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in Markel Group by 81.3% during the fourth quarter. Voloridge Investment Management LLC now owns 8,079 shares of the insurance provider’s stock valued at $13,946,000 after buying an additional 3,624 shares during the last quarter. Worldquant Millennium Advisors LLC grew its holdings in Markel Group by 3.4% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 242 shares of the insurance provider’s stock valued at $418,000 after buying an additional 8 shares in the last quarter. Finally, Waverly Advisors LLC increased its stake in Markel Group by 7.3% in the 4th quarter. Waverly Advisors LLC now owns 559 shares of the insurance provider’s stock worth $965,000 after acquiring an additional 38 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Steven A. Markel sold 88 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the sale, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

MKL has been the subject of a number of research reports. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada upped their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,727.75.

Markel Group Trading Down 1.0%

Shares of MKL stock opened at $1,900.06 on Wednesday. The company has a market cap of $24.10 billion, a PE ratio of 9.55 and a beta of 0.84. Markel Group Inc. has a 1 year low of $1,491.03 and a 1 year high of $2,063.68. The stock’s 50 day simple moving average is $1,827.94 and its two-hundred day simple moving average is $1,796.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

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.