Heritage Wealth Advisors Has $12.46 Million Stake in Markel Group Inc. (NYSE:MKL)

Heritage Wealth Advisors decreased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 48.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,220 shares of the insurance provider's stock after selling 6,680 shares during the quarter. Heritage Wealth Advisors owned 0.06% of Markel Group worth $12,463,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MKL. Proficio Capital Partners LLC bought a new stake in Markel Group in the 4th quarter valued at approximately $169,852,000. Davis Selected Advisers lifted its position in shares of Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after purchasing an additional 80,922 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Markel Group during the fourth quarter worth $98,743,000. Boston Partners grew its position in Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after purchasing an additional 42,178 shares in the last quarter. Finally, Empirical Asset Management LLC bought a new stake in Markel Group during the 4th quarter worth about $54,173,000. 77.12% of the stock is currently owned by institutional investors.

Insider Transactions at Markel Group

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven A. Markel sold 800 shares of the firm's 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 approximately $120,446,902.40. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

MKL has been the subject of several analyst reports. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada lifted their target price on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $1,702.20.

Markel Group Stock Performance

MKL traded down $17.68 during trading on Friday, hitting $1,853.88. The stock had a trading volume of 37,426 shares, compared to its average volume of 47,245. 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 $23.67 billion, a price-to-earnings ratio of 9.31 and a beta of 0.82. The company has a 50 day moving average price of $1,865.72 and a 200-day moving average price of $1,729.19. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS 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%. As a group, research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

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.