Markel Group Inc. (NYSE:MKL) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 75.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51 shares of the insurance provider's stock after selling 161 shares during the period. Vaughan Nelson Investment Management L.P.'s holdings in Markel Group were worth $88,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Markel Group during the third quarter valued at approximately $31,000. Toth Financial Advisory Corp lifted its position in Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock valued at $35,000 after acquiring an additional 20 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Markel Group during the third quarter valued at approximately $36,000. Global Trust Asset Management LLC purchased a new stake in Markel Group during the fourth quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Markel Group during the third quarter valued at approximately $42,000. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of analyst reports. StockNews.com raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada raised 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 report on Friday, February 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $1,685.17.

Markel Group Stock Performance

Shares of NYSE MKL traded down $3.24 during midday trading on Thursday, reaching $1,896.18. The company had a trading volume of 78,835 shares, compared to its average volume of 75,267. The stock has a market cap of $24.38 billion, a P/E ratio of 9.53 and a beta of 0.78. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. The business's 50-day simple moving average is $1,777.65 and its 200 day simple moving average is $1,660.43. 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 (NYSE:MKL - Get Free Report) last released 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 return on equity of 7.55% and a net margin of 16.34%. On average, analysts forecast that Markel Group Inc. will post 97.92 earnings per share for the current fiscal year.

Insider Transactions at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the business's stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.71% of the company's stock.

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.