Davis Selected Advisers Has $639.61 Million Holdings in Markel Group Inc. (NYSE:MKL)

Davis Selected Advisers increased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 370,522 shares of the insurance provider's stock after acquiring an additional 80,922 shares during the period. Markel Group comprises approximately 3.7% of Davis Selected Advisers' holdings, making the stock its 9th largest holding. Davis Selected Advisers owned approximately 2.88% of Markel Group worth $639,606,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MKL. Robeco Institutional Asset Management B.V. grew its position in Markel Group by 134.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,192 shares of the insurance provider's stock worth $1,870,000 after acquiring an additional 683 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Markel Group by 8.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 5,084 shares of the insurance provider's stock worth $7,975,000 after buying an additional 404 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Markel Group by 5.9% during the 3rd quarter. QRG Capital Management Inc. now owns 269 shares of the insurance provider's stock worth $422,000 after buying an additional 15 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Markel Group by 3.8% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 462 shares of the insurance provider's stock worth $725,000 after buying an additional 17 shares in the last quarter. Finally, Hudson Value Partners LLC lifted its holdings in Markel Group by 10.9% during the 3rd quarter. Hudson Value Partners LLC now owns 3,186 shares of the insurance provider's stock worth $4,997,000 after buying an additional 314 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several research analysts have issued reports on MKL shares. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada upped their price objective on 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. Finally, TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $1,685.17.

Markel Group Trading Down 0.6 %

Shares of MKL stock traded down $10.23 during trading hours on Wednesday, reaching $1,816.88. The company had a trading volume of 47,664 shares, compared to its average volume of 71,597. The company has a 50 day moving average of $1,831.27 and a 200 day moving average of $1,704.57. 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 cap of $23.20 billion, a price-to-earnings ratio of 9.13 and a beta of 0.81. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Activity at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the completion of the transaction, the director now owns 63,722 shares in the company, valued at approximately $118,426,699.78. This represents a 1.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on Friday, February 7th. The shares were purchased 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 owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 2,034 shares of company stock worth $3,778,952 in the last quarter. Corporate insiders own 1.71% of the company's stock.

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.