Giverny Capital Inc. Has $74.80 Million Stake in Markel Group Inc. (NYSE:MKL)

Giverny Capital Inc. raised its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,331 shares of the insurance provider's stock after acquiring an additional 647 shares during the quarter. Markel Group comprises 2.7% of Giverny Capital Inc.'s portfolio, making the stock its 15th largest position. Giverny Capital Inc. owned approximately 0.34% of Markel Group worth $74,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Barr E S & Co. increased its holdings in Markel Group by 2.5% in the fourth quarter. Barr E S & Co. now owns 80,853 shares of the insurance provider's stock valued at $139,571,000 after purchasing an additional 1,957 shares during the last quarter. Synovus Financial Corp raised its position in shares of Markel Group by 115.7% in the 4th quarter. Synovus Financial Corp now owns 932 shares of the insurance provider's stock valued at $1,609,000 after acquiring an additional 500 shares during the period. Sagespring Wealth Partners LLC acquired a new position in Markel Group during the fourth quarter valued at approximately $233,000. DRW Securities LLC bought a new stake in Markel Group in the fourth quarter valued at approximately $354,000. Finally, Rathbones Group PLC boosted its position in shares of Markel Group by 30.1% during the fourth quarter. Rathbones Group PLC now owns 1,389 shares of the insurance provider's stock worth $2,398,000 after purchasing an additional 321 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Insider Transactions at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business's stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven A. Markel sold 800 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the transaction, the director now directly owns 64,868 shares in the company, valued at $120,446,902.40. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 in the last ninety days. Insiders own 1.71% of the company's stock.

Markel Group Stock Performance

Shares of MKL stock opened at $1,769.56 on Friday. The firm has a market cap of $22.49 billion, a PE ratio of 8.89 and a beta of 0.70. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The company's fifty day simple moving average is $1,855.85 and its 200-day simple moving average is $1,745.49. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

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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 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%. Equities research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MKL. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada raised 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 report on Friday, February 7th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, Markel Group has an average rating of "Hold" and an average price target of $1,702.20.

About Markel Group

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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