Markel Group Inc. (NYSE:MKL) Shares Sold by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC reduced its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,195 shares of the insurance provider's stock after selling 354 shares during the period. Beck Mack & Oliver LLC owned 0.23% of Markel Group worth $52,124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MKL. SBI Securities Co. Ltd. purchased a new stake in shares of Markel Group in the fourth quarter valued at $36,000. FPC Investment Advisory Inc. purchased a new position in Markel Group in the 4th quarter valued at about $37,000. Global Trust Asset Management LLC purchased a new stake in shares of Markel Group in the fourth quarter valued at $41,000. Wilmington Savings Fund Society FSB acquired a new position in Markel Group in the third quarter valued at $42,000. Finally, Private Trust Co. NA lifted its position in Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after buying an additional 6 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

MKL has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada increased their target price on 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. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $1,702.20.

Insider Buying and Selling at Markel Group

In related news, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the transaction, the director now directly owns 64,868 shares in the company, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the business's stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 in the last ninety days. 1.66% of the stock is owned by insiders.

Markel Group Stock Up 0.7 %

Shares of MKL traded up $12.03 during midday trading on Wednesday, reaching $1,797.23. 50,554 shares of the company were exchanged, compared to its average volume of 65,845. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 1-year low of $1,433.06 and a 1-year high of $2,063.68. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 9.03 and a beta of 0.70. The stock has a 50-day moving average price of $1,829.95 and a 200-day moving average price of $1,754.99.

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 for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. Research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

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.