Markel Group Inc. (NYSE:MKL) Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,740 shares of the insurance provider's stock after selling 828 shares during the quarter. Lowe Brockenbrough & Co. Inc.'s holdings in Markel Group were worth $3,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Davis Selected Advisers grew its stake in shares of Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after acquiring an additional 80,922 shares in the last quarter. State Street Corp boosted its holdings in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock valued at $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Boston Partners boosted its holdings 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 during the last quarter. Geode Capital Management LLC grew its stake in Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock valued at $327,131,000 after purchasing an additional 10,254 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Markel Group during the 4th quarter worth approximately $169,852,000. 77.12% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 88 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was 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 of the company's stock, valued at approximately $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 sold a total of 2,034 shares of company stock valued at $3,778,952 in the last quarter. Insiders own 1.71% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MKL. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada increased 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 note on Friday, February 7th. Finally, StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, Markel Group has an average rating of "Hold" and a consensus price target of $1,702.20.

Markel Group Stock Performance

Shares of MKL stock traded down $6.16 on Tuesday, hitting $1,863.65. 54,380 shares of the stock traded hands, compared to its average volume of 45,785. The company's fifty day moving average is $1,856.87 and its 200 day moving average is $1,721.35. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The company has a market capitalization of $23.80 billion, a PE ratio of 9.36 and a beta of 0.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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, equities research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.