Gardner Russo & Quinn LLC decreased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,621 shares of the insurance provider's stock after selling 395 shares during the quarter. Markel Group makes up approximately 0.2% of Gardner Russo & Quinn LLC's holdings, making the stock its 20th largest holding. Gardner Russo & Quinn LLC owned 0.07% of Markel Group worth $14,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in Markel Group during the third quarter valued at approximately $31,000. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the third quarter valued at about $36,000. SBI Securities Co. Ltd. acquired a new position in Markel Group during the 4th quarter worth approximately $36,000. FPC Investment Advisory Inc. acquired a new stake in Markel Group in the fourth quarter valued at approximately $37,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Markel Group during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 77.12% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on MKL shares. Royal Bank of Canada upped their price objective 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. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a 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, the company presently has a consensus rating of "Hold" and a consensus price target of $1,702.20.
Read Our Latest Research Report on MKL
Insider Buying and Selling
In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company's stock in a transaction dated Friday, February 7th. The shares were bought at an average price 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 in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Markel sold 88 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the transaction, the director now owns 63,436 shares in the company, valued at $117,992,863.08. This represents a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,034 shares of company stock worth $3,778,952. Corporate insiders own 1.71% of the company's stock.
Markel Group Price Performance
Shares of MKL stock traded up $16.73 during midday trading on Wednesday, reaching $1,876.58. 16,738 shares of the company were exchanged, compared to its average volume of 47,219. The company's 50 day moving average price is $1,868.92 and its two-hundred day moving average price is $1,734.96. 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 company has a market cap of $23.96 billion, a P/E ratio of 9.43 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.
Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) 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%. On average, sell-side analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.
Markel Group Profile
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Free Report)
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.
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