Markel Group Inc. (NYSE:MKL) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,757 shares of the insurance provider's stock after selling 404 shares during the period. PNC Financial Services Group Inc.'s holdings in Markel Group were worth $9,938,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Markel Group during the fourth quarter worth $169,852,000. Raymond James Financial Inc. bought a new stake in shares of Markel Group during the 4th quarter valued at about $98,743,000. Empirical Asset Management LLC acquired a new stake in Markel Group during the fourth quarter worth about $54,173,000. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Markel Group by 3,729.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider's stock worth $23,366,000 after acquiring an additional 14,507 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Markel Group by 167.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider's stock valued at $38,687,000 after acquiring an additional 14,022 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research reports. Royal Bank of Canada increased their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, TD Cowen downgraded shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price target for the company 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 assigned a hold rating to the stock. According to data from MarketBeat, Markel Group presently has an average rating of "Hold" and a consensus target price of $1,685.17.

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Markel Group Stock Down 0.3 %

MKL stock opened at $1,829.63 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The firm's 50-day simple moving average is $1,831.27 and its 200 day simple moving average is $1,704.57. The stock has a market cap of $23.36 billion, a PE ratio of 9.19 and a beta of 0.81.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings data 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%. As a group, sell-side analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Buying and Selling at Markel Group

In related news, 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 purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction, the director now directly owns 64,868 shares in the company, valued at approximately $120,446,902.40. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,034 shares of company stock valued at $3,778,952. Company insiders own 1.71% of the company's stock.

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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