Douglass Winthrop Advisors LLC Sells 1,956 Shares of Markel Group Inc. (NYSE:MKL)

Douglass Winthrop Advisors LLC lowered its position in Markel Group Inc. (NYSE:MKL - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,726 shares of the insurance provider's stock after selling 1,956 shares during the period. Markel Group makes up approximately 3.0% of Douglass Winthrop Advisors LLC's investment portfolio, making the stock its 9th biggest holding. Douglass Winthrop Advisors LLC owned approximately 0.69% of Markel Group worth $153,161,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. HUB Investment Partners LLC purchased a new position in Markel Group during the 4th quarter valued at $587,000. Teacher Retirement System of Texas boosted its stake in shares of Markel Group by 967.2% during the fourth quarter. Teacher Retirement System of Texas now owns 16,563 shares of the insurance provider's stock valued at $28,592,000 after purchasing an additional 15,011 shares during the period. GoodHaven Capital Management LLC boosted its stake in shares of Markel Group by 0.8% during the fourth quarter. GoodHaven Capital Management LLC now owns 3,005 shares of the insurance provider's stock valued at $5,187,000 after purchasing an additional 25 shares during the period. Royal London Asset Management Ltd. grew its holdings in shares of Markel Group by 12.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 5,868 shares of the insurance provider's stock worth $10,130,000 after purchasing an additional 663 shares during the last quarter. Finally, L.K. Benson & Company P.C. purchased a new position in Markel Group in the 4th quarter worth about $252,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

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Markel Group Stock Down 0.3 %

Shares of NYSE MKL traded down $6.16 during mid-day trading on Tuesday, reaching $1,863.65. 54,380 shares of the company were exchanged, compared to its average volume of 45,785. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. The firm has a 50-day moving average of $1,856.87 and a 200 day moving average of $1,721.35. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 9.36 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.

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

Analyst Ratings Changes

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

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm's stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the sale, the director now owns 63,722 shares of the company's stock, valued at $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock worth $3,778,952 over the last three months. Corporate insiders own 1.71% of the company's stock.

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.