Markel Group Inc. (NYSE:MKL) Shares Sold by First National Advisers LLC

First National Advisers LLC lowered its position in Markel Group Inc. (NYSE:MKL - Free Report) by 24.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,258 shares of the insurance provider's stock after selling 416 shares during the quarter. First National Advisers LLC's holdings in Markel Group were worth $2,171,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. Prime Capital Investment Advisors LLC grew its stake in shares of Markel Group by 6.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 372 shares of the insurance provider's stock worth $584,000 after purchasing an additional 21 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Markel Group by 8.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 216 shares of the insurance provider's stock worth $339,000 after acquiring an additional 16 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Markel Group by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 5,845 shares of the insurance provider's stock worth $9,168,000 after acquiring an additional 300 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Markel Group by 15.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 890 shares of the insurance provider's stock valued at $1,396,000 after acquiring an additional 120 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Markel Group by 47.3% during the 3rd quarter. KBC Group NV now owns 1,966 shares of the insurance provider's stock worth $3,084,000 after acquiring an additional 631 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have commented on MKL. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. TD Cowen downgraded shares of Markel Group from a "buy" rating to a "hold" rating and dropped 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 boosted 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. One equities 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.com, the stock currently has a consensus rating of "Hold" and an average target price of $1,702.20.

Markel Group Stock Performance

Shares of MKL stock traded down $5.02 during trading hours on Thursday, hitting $1,846.79. The stock had a trading volume of 39,913 shares, compared to its average volume of 45,639. 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 firm has a market capitalization of $23.58 billion, a PE ratio of 9.28 and a beta of 0.82. The stock's 50 day moving average is $1,846.64 and its 200 day moving average is $1,714.52. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68.

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

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the transaction, the director now directly owns 63,436 shares in the company, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the company's stock in a transaction dated 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 acquisition, the chief executive officer now owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 over the last quarter. 1.71% of the stock is currently owned by insiders.

Markel Group Company 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.