Salem Investment Counselors Inc. Has $3.35 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Salem Investment Counselors Inc. cut its holdings in Markel Group Inc. (NYSE:MKL) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,789 shares of the insurance provider’s stock after selling 10 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Markel Group were worth $3,345,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in Markel Group in the fourth quarter worth $236,000. Yousif Capital Management LLC lifted its position in shares of Markel Group by 5.4% in the fourth quarter. Yousif Capital Management LLC now owns 274 shares of the insurance provider’s stock worth $473,000 after buying an additional 14 shares during the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Markel Group by 21.8% during the 4th quarter. Apollon Wealth Management LLC now owns 363 shares of the insurance provider’s stock worth $627,000 after acquiring an additional 65 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Markel Group by 12.0% during the 4th quarter. Empowered Funds LLC now owns 279 shares of the insurance provider’s stock valued at $482,000 after acquiring an additional 30 shares during the last quarter. Finally, Savant Capital LLC raised its stake in shares of Markel Group by 2.2% in the 4th quarter. Savant Capital LLC now owns 657 shares of the insurance provider’s stock valued at $1,134,000 after acquiring an additional 14 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MKL. Wall Street Zen cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Argus upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,727.75.

Insiders Place Their Bets

In other news, Director Greta J. Harris sold 90 shares of the stock in a transaction 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 completion of the transaction, the director now owns 632 shares in the company, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.66% of the company’s stock.

Markel Group Stock Up 0.8%

MKL opened at $1,945.00 on Friday. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The business has a 50 day moving average of $1,854.80 and a 200-day moving average of $1,824.64. The stock has a market capitalization of $24.67 billion, a price-to-earnings ratio of 9.77 and a beta of 0.85. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

About Markel Group

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.