Rhumbline Advisers Has $29.74 Million Holdings in Markel Group Inc. (NYSE:MKL)

Rhumbline Advisers cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,227 shares of the insurance provider's stock after selling 233 shares during the period. Rhumbline Advisers owned about 0.13% of Markel Group worth $29,738,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MKL. Creative Planning boosted its holdings in Markel Group by 10.9% in the third quarter. Creative Planning now owns 5,584 shares of the insurance provider's stock valued at $8,759,000 after purchasing an additional 549 shares in the last quarter. Bleakley Financial Group LLC raised its position in Markel Group by 22.2% in the third quarter. Bleakley Financial Group LLC now owns 231 shares of the insurance provider's stock worth $362,000 after acquiring an additional 42 shares in the last quarter. Blue Trust Inc. grew its holdings in Markel Group by 78.9% in the third quarter. Blue Trust Inc. now owns 195 shares of the insurance provider's stock valued at $307,000 after purchasing an additional 86 shares during the last quarter. Raymond James & Associates grew its holdings in Markel Group by 5.9% in the third quarter. Raymond James & Associates now owns 30,015 shares of the insurance provider's stock valued at $47,081,000 after purchasing an additional 1,681 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Markel Group by 136.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,119 shares of the insurance provider's stock valued at $3,324,000 after acquiring an additional 1,223 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research analyst reports. Royal Bank of Canada raised 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 note on Friday, February 7th. TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and cut their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $1,685.17.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Performance

Shares of NYSE:MKL traded down $1.59 on Thursday, hitting $1,855.37. The company's stock had a trading volume of 69,814 shares, compared to its average volume of 74,579. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The company has a market capitalization of $23.86 billion, a price-to-earnings ratio of 9.32 and a beta of 0.78. The stock's 50-day moving average is $1,791.50 and its two-hundred day moving average is $1,670.99. 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 announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. On average, equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

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.