Markel Group Inc. (NYSE:MKL) Position Trimmed by Cerity Partners LLC

Cerity Partners LLC decreased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,204 shares of the insurance provider's stock after selling 336 shares during the period. Cerity Partners LLC's holdings in Markel Group were worth $7,119,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Private Trust Co. NA lifted its position in Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after buying an additional 6 shares in the last quarter. Wellington Shields & Co. LLC lifted its stake in shares of Markel Group by 4.3% during the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock worth $250,000 after purchasing an additional 6 shares in the last quarter. 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 raised its holdings in shares of Markel Group by 3.4% during the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock valued at $368,000 after buying an additional 7 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings in Markel Group by 1.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after acquiring an additional 7 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.

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Insider Buying and Selling at Markel Group

In related news, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction dated 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. This trade represents a 0.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the business's stock in a transaction on Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is owned by corporate insiders.

Markel Group Stock Performance

MKL traded down $5.69 during trading on Tuesday, reaching $1,782.56. 44,039 shares of the company were exchanged, compared to its average volume of 47,999. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The firm has a 50 day moving average of $1,854.48 and a 200 day moving average of $1,748.25. The stock has a market cap of $22.66 billion, a P/E ratio of 8.96 and a beta of 0.70.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MKL has been the subject of a number of analyst reports. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their price target on shares of 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 stock. According to MarketBeat.com, Markel Group has an average rating of "Hold" and a consensus price target 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.