Wells Fargo & Company MN Sells 3,101 Shares of Markel Group Inc. (NYSE:MKL)

Wells Fargo & Company MN cut its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,477 shares of the insurance provider's stock after selling 3,101 shares during the period. Wells Fargo & Company MN owned about 0.49% of Markel Group worth $109,577,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Private Trust Co. NA boosted its holdings 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 purchasing an additional 6 shares in the last quarter. Wellington Shields & Co. LLC boosted its stake 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 in the last quarter. Gilbert & Cook Inc. grew its position in Markel Group by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after acquiring an additional 7 shares during the period. Greenleaf Trust raised its stake in Markel Group by 3.4% during the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock worth $368,000 after acquiring an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its stake in Markel Group by 1.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after acquiring an additional 7 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares of the company's stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction that occurred 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 sale, the director now owns 64,868 shares of the company's stock, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 over the last quarter. Corporate insiders own 1.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MKL shares. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada upped their price objective 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 investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $1,702.20.

Markel Group Price Performance

Shares of NYSE:MKL traded up $6.43 during midday trading on Friday, reaching $1,769.56. The company's stock had a trading volume of 70,878 shares, compared to its average volume of 48,040. The business's fifty day simple moving average is $1,855.85 and its 200-day simple moving average is $1,746.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The company has a market capitalization of $22.49 billion, a P/E ratio of 8.89 and a beta of 0.70.

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 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%. As a group, equities research analysts expect that Markel Group Inc. will post 96.25 EPS 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.