Markel Group Inc. (NYSE:MKL) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 227,220 shares of the insurance provider's stock after selling 31,895 shares during the period. Baillie Gifford & Co. owned approximately 1.77% of Markel Group worth $392,234,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. State Street Corp lifted its position in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock valued at $516,391,000 after purchasing an additional 13,372 shares during the period. Geode Capital Management LLC lifted its position in Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock valued at $327,131,000 after purchasing an additional 10,254 shares during the period. Jennison Associates LLC lifted its position in Markel Group by 9.9% in the fourth quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider's stock valued at $135,915,000 after purchasing an additional 7,102 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Markel Group by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider's stock valued at $87,398,000 after purchasing an additional 766 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in Markel Group by 0.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider's stock valued at $72,490,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.71% of the stock is owned by corporate insiders.

Markel Group Price Performance

Shares of Markel Group stock traded down $13.32 during trading on Wednesday, hitting $1,860.48. 36,828 shares of the company were exchanged, compared to its average volume of 73,726. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 9.35 and a beta of 0.78. The firm has a 50 day moving average price of $1,784.88 and a 200 day moving average price of $1,666.20.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (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 expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

MKL has been the subject of a number of research reports. Royal Bank of Canada lifted 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 report on Friday, February 7th. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, TD Cowen downgraded shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $1,685.17.

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.