Markel Group Inc. (NYSE:MKL) Shares Sold by Capco Asset Management LLC

Capco Asset Management LLC lowered its stake in Markel Group Inc. (NYSE:MKL) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,006 shares of the insurance provider’s stock after selling 502 shares during the quarter. Markel Group comprises 10.9% of Capco Asset Management LLC’s portfolio, making the stock its 3rd largest position. Capco Asset Management LLC’s holdings in Markel Group were worth $48,344,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of MKL. Victory Capital Management Inc. grew its stake in shares of Markel Group by 5.4% in the third quarter. Victory Capital Management Inc. now owns 5,845 shares of the insurance provider’s stock valued at $9,168,000 after buying an additional 300 shares in the last quarter. Empowered Funds LLC grew its stake in Markel Group by 44.8% during the 3rd quarter. Empowered Funds LLC now owns 249 shares of the insurance provider’s stock valued at $391,000 after purchasing an additional 77 shares in the last quarter. Pathstone Holdings LLC grew its stake in Markel Group by 2.5% during the 3rd quarter. Pathstone Holdings LLC now owns 2,550 shares of the insurance provider’s stock valued at $4,000,000 after purchasing an additional 63 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Markel Group during the 3rd quarter valued at approximately $551,000. Finally, PNC Financial Services Group Inc. grew its stake in Markel Group by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,161 shares of the insurance provider’s stock valued at $9,664,000 after purchasing an additional 67 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other Markel Group news, Director Steven A. Markel sold 88 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the sale, the director now owns 63,436 shares in the company, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction on Friday, February 7th. The stock was purchased 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 directly owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 2,034 shares of company stock worth $3,778,952. Insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

MKL has been the subject of a number of recent analyst reports. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada increased their target price on 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 investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1,702.20.

Markel Group Trading Down 0.8 %

NYSE:MKL opened at $1,833.40 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $1,852.81 and its two-hundred day moving average is $1,717.05. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The company has a market cap of $23.41 billion, a PE ratio of 9.21 and a beta of 0.82.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 EPS 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 predict that Markel Group Inc. will post 96.25 EPS for the current year.

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.