Tsai Capital Corp Sells 221 Shares of Markel Group Inc. (NYSE:MKL)

Tsai Capital Corp cut its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 7.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,606 shares of the insurance provider's stock after selling 221 shares during the quarter. Markel Group comprises 3.3% of Tsai Capital Corp's holdings, making the stock its 7th biggest position. Tsai Capital Corp's holdings in Markel Group were worth $4,499,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Private Trust Co. NA raised its stake in shares of Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after purchasing an additional 6 shares during the period. Wellington Shields & Co. LLC raised its position in Markel Group by 4.3% in the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock valued at $250,000 after buying an additional 6 shares during the last quarter. Gilbert & Cook Inc. raised its position in Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after buying an additional 7 shares during the last quarter. Greenleaf Trust lifted its stake in Markel Group by 3.4% in the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock valued at $368,000 after acquiring an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in Markel Group by 1.5% during 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 last quarter. 77.12% of the stock is owned by institutional investors.

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Insider Transactions at Markel Group

In other Markel Group news, Director Steven A. Markel sold 800 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the sale, the director now owns 64,868 shares of the company's stock, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction on Friday, February 7th. The stock was bought at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada boosted 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 report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, Markel Group currently has an average rating of "Hold" and an average target price of $1,702.20.

Markel Group Stock Up 0.9 %

Shares of NYSE MKL traded up $16.73 during trading hours on Wednesday, hitting $1,876.58. The company had a trading volume of 16,738 shares, compared to its average volume of 47,219. The stock has a market capitalization of $23.96 billion, a P/E ratio of 9.43 and a beta of 0.82. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm's 50 day moving average is $1,868.92 and its 200-day moving average is $1,734.96. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68.

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 (EPS) 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, analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.