Markel Group Inc. (NYSE:MKL) Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. decreased its position in shares of Markel Group Inc. (NYSE:MKL) by 32.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,740 shares of the insurance provider’s stock after selling 828 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Markel Group were worth $3,004,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MKL. Victory Capital Management Inc. lifted its position in shares of Markel Group by 5.4% during the third quarter. Victory Capital Management Inc. now owns 5,845 shares of the insurance provider’s stock worth $9,168,000 after purchasing an additional 300 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Markel Group by 5.4% during the 3rd quarter. CIBC Asset Management Inc now owns 470 shares of the insurance provider’s stock worth $737,000 after buying an additional 24 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Markel Group by 44.8% in the third quarter. Empowered Funds LLC now owns 249 shares of the insurance provider’s stock valued at $391,000 after acquiring an additional 77 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of Markel Group by 2.5% in the third quarter. Pathstone Holdings LLC now owns 2,550 shares of the insurance provider’s stock valued at $4,000,000 after acquiring an additional 63 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Markel Group in the third quarter valued at $551,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the business’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 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the sale, the director now directly owns 64,868 shares in the company, valued at $120,446,902.40. This represents 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. Insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

Shares of MKL stock opened at $1,846.79 on Friday. The stock’s 50-day moving average is $1,849.38 and its two-hundred day moving average is $1,715.44. 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 1 year low of $1,417.65 and a 1 year high of $2,063.68. The firm has a market cap of $23.58 billion, a price-to-earnings ratio of 9.28 and a beta of 0.82.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada raised 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 report on Friday, February 7th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a report 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 stock. According to data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and an average price target of $1,702.20.

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.