Markel Group Inc. (NYSE:MKL) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in Markel Group Inc. (NYSE:MKL - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,886 shares of the insurance provider's stock after selling 10,250 shares during the period. Envestnet Asset Management Inc. owned approximately 0.33% of Markel Group worth $74,031,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Markel Group during the 4th quarter valued at approximately $254,795,000. Proficio Capital Partners LLC acquired a new stake in Markel Group in the fourth quarter valued at $169,852,000. Davis Selected Advisers boosted its stake in Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after acquiring an additional 80,922 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Markel Group during the 4th quarter worth $98,743,000. Finally, Boston Partners increased its position in shares of Markel Group by 17.6% in the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock worth $486,580,000 after purchasing an additional 42,178 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on MKL. Royal Bank of Canada lifted their price target on 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 lowered Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $1,702.20.

Markel Group Stock Performance

Shares of NYSE:MKL traded up $17.66 during trading on Monday, reaching $1,789.08. 8,698 shares of the company's stock traded hands, compared to its average volume of 63,913. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a 50 day moving average of $1,855.85 and a 200-day moving average of $1,746.69. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The stock has a market capitalization of $22.74 billion, a P/E ratio of 8.99 and a beta of 0.70.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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 EPS for the current year.

Insider Buying and Selling at Markel Group

In related news, Director Steven A. Markel sold 800 shares of the firm's stock in a transaction that occurred on 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 sale, the director now directly owns 64,868 shares in the company, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, the chief executive officer now directly 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 90 days, insiders have sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by company insiders.

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.