AlphaQuest LLC Decreases Stock Position in Markel Group Inc. (NYSE:MKL)

AlphaQuest LLC cut its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 91.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 206 shares of the insurance provider's stock after selling 2,167 shares during the period. AlphaQuest LLC's holdings in Markel Group were worth $356,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Entropy Technologies LP raised its holdings in shares of Markel Group by 114.9% in the third quarter. Entropy Technologies LP now owns 374 shares of the insurance provider's stock worth $587,000 after acquiring an additional 200 shares during the last quarter. Prime Capital Investment Advisors LLC raised its stake in Markel Group by 6.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 372 shares of the insurance provider's stock valued at $584,000 after purchasing an additional 21 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in Markel Group by 8.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 216 shares of the insurance provider's stock valued at $339,000 after purchasing an additional 16 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Markel Group by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 5,845 shares of the insurance provider's stock worth $9,168,000 after purchasing an additional 300 shares during the last quarter. Finally, Haverford Trust Co grew its holdings in shares of Markel Group by 86.3% during the third quarter. Haverford Trust Co now owns 434 shares of the insurance provider's stock worth $681,000 after buying an additional 201 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of analysts recently issued reports on MKL shares. Royal Bank of Canada raised their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,702.20.

Insider Activity at Markel Group

In other news, Director Steven A. Markel sold 88 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the transaction, the director now owns 63,436 shares of the company's stock, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 2,034 shares of company stock worth $3,778,952. Company insiders own 1.71% of the company's stock.

Markel Group Trading Down 0.9 %

Shares of NYSE MKL traded down $17.36 during trading on Tuesday, hitting $1,844.02. 34,708 shares of the company traded hands, compared to its average volume of 45,706. The firm has a market capitalization of $23.55 billion, a P/E ratio of 9.26 and a beta of 0.82. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $1,841.01 and a 200-day moving average price of $1,711.83. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. On average, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

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.