Vanguard Group Inc. Sells 4,712 Shares of Markel Group Inc. (NYSE:MKL)

Vanguard Group Inc. decreased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,150,596 shares of the insurance provider's stock after selling 4,712 shares during the period. Vanguard Group Inc. owned about 8.95% of Markel Group worth $1,986,193,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new stake in Markel Group in the 3rd quarter worth approximately $31,000. Larson Financial Group LLC purchased a new stake in Markel Group in the third quarter worth $36,000. SBI Securities Co. Ltd. bought a new stake in Markel Group in the fourth quarter valued at $36,000. FPC Investment Advisory Inc. purchased a new position in Markel Group during the 4th quarter valued at $37,000. Finally, Global Trust Asset Management LLC bought a new position in Markel Group in the 4th quarter worth $41,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Markel Group

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

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Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MKL. Royal Bank of Canada lifted their target price 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 downgraded Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $1,702.20.

Markel Group Stock Up 0.6 %

Shares of NYSE MKL traded up $11.56 on Monday, reaching $1,867.00. 48,313 shares of the company's stock traded hands, compared to its average volume of 47,249. The business's 50 day simple moving average is $1,867.54 and its two-hundred day simple moving average is $1,732.85. 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 cap of $23.84 billion, a price-to-earnings ratio of 9.38 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.

Markel Group (NYSE:MKL - Get Free Report) last posted 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%. As a group, equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal 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.