Townsquare Capital LLC Sells 2,113 Shares of Markel Group Inc. (NYSE:MKL)

Townsquare Capital LLC lessened its position in Markel Group Inc. (NYSE:MKL - Free Report) by 68.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 958 shares of the insurance provider's stock after selling 2,113 shares during the quarter. Townsquare Capital LLC's holdings in Markel Group were worth $1,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Private Trust Co. NA increased its position in shares of Markel Group by 23.1% in the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after acquiring an additional 6 shares in the last quarter. Wellington Shields & Co. LLC raised its position in Markel Group by 4.3% in the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock valued at $250,000 after purchasing an additional 6 shares during the period. Gilbert & Cook Inc. boosted its position in shares of Markel Group by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock worth $739,000 after buying an additional 7 shares during the period. Greenleaf Trust grew its stake in shares of Markel Group by 3.4% in the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock valued at $368,000 after buying an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Markel Group by 1.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock valued at $810,000 after buying an additional 7 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Up 0.2 %

MKL stock traded up $4.21 during midday trading on Friday, reaching $1,767.46. The company had a trading volume of 223,077 shares, compared to its average volume of 48,936. Markel Group Inc. has a 1 year low of $1,433.06 and a 1 year high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $22.47 billion, a P/E ratio of 8.88 and a beta of 0.70. The company has a 50 day moving average of $1,835.67 and a two-hundred day moving average of $1,751.31.

Markel Group (NYSE:MKL - Get Free Report) last issued 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 net margin of 16.34% and a return on equity of 7.55%. On average, equities research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the sale, the director now owns 63,722 shares in the company, valued at $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares of the company's stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase 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 1.66% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MKL shares. Royal Bank of Canada lifted 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. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, Markel Group currently has an average rating of "Hold" and an average target price of $1,702.20.

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.