Truist Financial Corp Sells 463 Shares of Markel Group Inc. (NYSE:MKL)

Truist Financial Corp decreased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,333 shares of the insurance provider's stock after selling 463 shares during the period. Truist Financial Corp owned about 0.06% of Markel Group worth $12,658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MKL. Blue Trust Inc. grew its holdings in shares of Markel Group by 78.9% during the 3rd quarter. Blue Trust Inc. now owns 195 shares of the insurance provider's stock worth $307,000 after acquiring an additional 86 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Markel Group by 136.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,119 shares of the insurance provider's stock worth $3,324,000 after acquiring an additional 1,223 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of Markel Group by 63.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,567 shares of the insurance provider's stock worth $2,458,000 after acquiring an additional 608 shares during the period. Private Advisor Group LLC grew its stake in shares of Markel Group by 39.2% in the 3rd quarter. Private Advisor Group LLC now owns 597 shares of the insurance provider's stock worth $936,000 after buying an additional 168 shares during the last quarter. Finally, Greenleaf Trust grew its stake in shares of Markel Group by 7.9% in the 3rd quarter. Greenleaf Trust now owns 206 shares of the insurance provider's stock worth $323,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MKL. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada upped 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. Finally, TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $1,685.17.

Markel Group Stock Performance

Shares of NYSE MKL traded down $16.16 during midday trading on Friday, hitting $1,837.64. 62,542 shares of the stock traded hands, compared to its average volume of 74,225. The firm has a 50-day moving average of $1,791.50 and a two-hundred day moving average of $1,670.99. The firm has a market capitalization of $23.63 billion, a P/E ratio of 9.23 and a beta of 0.78. 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 Inc. has a one year low of $1,417.65 and a one year high of $2,063.68.

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 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 analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business's stock in a transaction on Friday, February 7th. The stock was acquired at an average price 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 approximately $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.71% of the stock is currently owned by company insiders.

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.