Markel Group Inc. (NYSE:MKL) is Avenir Corp's 2nd Largest Position

Avenir Corp decreased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,568 shares of the insurance provider's stock after selling 4,363 shares during the quarter. Markel Group accounts for approximately 9.6% of Avenir Corp's holdings, making the stock its 2nd biggest position. Avenir Corp owned approximately 0.42% of Markel Group worth $94,196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MKL. Resurgent Financial Advisors LLC raised its position in Markel Group by 33.0% during the fourth quarter. Resurgent Financial Advisors LLC now owns 371 shares of the insurance provider's stock valued at $640,000 after acquiring an additional 92 shares in the last quarter. Gabelli Funds LLC acquired a new position in Markel Group during the 4th quarter worth $1,319,000. Anchor Investment Management LLC raised its position in shares of Markel Group by 132.8% during the fourth quarter. Anchor Investment Management LLC now owns 142 shares of the insurance provider's stock valued at $245,000 after buying an additional 81 shares during the last quarter. Mariner LLC increased its stake in Markel Group by 38.7% during the fourth quarter. Mariner LLC now owns 3,962 shares of the insurance provider's stock valued at $6,839,000 after acquiring an additional 1,106 shares during the period. Finally, Giverny Capital Inc. grew its holdings in shares of Markel Group by 1.5% during the 4th quarter. Giverny Capital Inc. now owns 43,331 shares of the insurance provider's stock worth $74,799,000 after purchasing an additional 647 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Stock Up 3.2 %

MKL traded up $55.43 during trading on Tuesday, reaching $1,774.03. 16,429 shares of the stock were exchanged, compared to its average volume of 65,432. The stock has a market cap of $22.55 billion, a P/E ratio of 8.92 and a beta of 0.70. The stock's 50 day moving average price is $1,832.10 and its two-hundred day moving average price is $1,754.76. Markel Group Inc. has a twelve month low of $1,433.06 and a twelve month high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last posted 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%. Equities analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MKL shares. 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 report on Friday, February 7th. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Markel Group has an average rating of "Hold" and an average price target 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 purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven A. Markel sold 88 shares of the stock in a transaction on 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 completion of the sale, the director now owns 63,436 shares of the company's stock, valued at $117,992,863.08. The trade was a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock worth $3,778,952 over the last 90 days. Insiders own 1.66% of the company's stock.

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.