Montag A & Associates Inc. Sells 30 Shares of Markel Group Inc. (NYSE:MKL)

Montag A & Associates Inc. lowered its stake in Markel Group Inc. (NYSE:MKL) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,499 shares of the insurance provider’s stock after selling 30 shares during the quarter. Montag A & Associates Inc.’s holdings in Markel Group were worth $6,040,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Brooklyn Investment Group bought a new stake in Markel Group during the 3rd quarter worth $31,000. Toth Financial Advisory Corp raised its holdings in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Markel Group in the 3rd quarter valued at $36,000. Global Trust Asset Management LLC acquired a new stake in shares of Markel Group during the fourth quarter worth $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Markel Group during the third quarter worth $42,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Trading Down 1.5 %

Shares of Markel Group stock opened at $1,869.04 on Friday. 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 52 week low of $1,417.65 and a 52 week high of $2,063.68. The stock has a 50 day moving average price of $1,782.63 and a two-hundred day moving average price of $1,663.89. The stock has a market capitalization of $24.04 billion, a PE ratio of 9.39 and a beta of 0.78.

Markel Group (NYSE:MKL) last announced its quarterly earnings results 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 net margin of 16.34% and a return on equity of 7.55%. As a group, equities analysts anticipate that Markel Group Inc. will post 97.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MKL has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price target 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. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, Markel Group presently has an average rating of “Hold” and an average price target of $1,685.17.

Insider Buying and Selling

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.71% of the stock is currently owned by company insiders.

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.