Brandywine Global Investment Management LLC Decreases Stake in Markel Group Inc. (NYSE:MKL)

Brandywine Global Investment Management LLC lessened its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,070 shares of the insurance provider's stock after selling 360 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Markel Group were worth $10,478,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can increased its position in Markel Group by 1.8% during the 3rd quarter. Bank of Montreal Can now owns 3,697 shares of the insurance provider's stock worth $5,801,000 after purchasing an additional 66 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider's stock worth $23,366,000 after purchasing an additional 14,507 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Markel Group during the third quarter worth about $762,000. Chevy Chase Trust Holdings LLC raised its position in shares of Markel Group by 16.8% in the third quarter. Chevy Chase Trust Holdings LLC now owns 515 shares of the insurance provider's stock valued at $808,000 after buying an additional 74 shares during the last quarter. Finally, Holocene Advisors LP lifted its stake in shares of Markel Group by 176.1% during the third quarter. Holocene Advisors LP now owns 2,811 shares of the insurance provider's stock valued at $4,409,000 after buying an additional 1,793 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

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Markel Group Trading Down 2.7 %

Markel Group stock traded down $50.76 during trading on Thursday, reaching $1,828.18. The company had a trading volume of 48,644 shares, compared to its average volume of 47,372. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $23.35 billion, a price-to-earnings ratio of 9.18 and a beta of 0.82. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The stock's 50 day moving average price is $1,870.34 and its two-hundred day moving average price is $1,735.98.

Markel Group (NYSE:MKL - Get Free Report) last announced 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 net margin of 16.34% and a return on equity of 7.55%. As a group, equities analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company's stock in a transaction dated Friday, February 7th. The stock was bought at an average price 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the transaction, the director now owns 63,436 shares in the company, valued at $117,992,863.08. The trade was a 0.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,034 shares of company stock valued at $3,778,952. Company insiders own 1.71% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada lifted 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 note on Friday, February 7th. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $1,702.20.

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.