US Bancorp DE Sells 171 Shares of Markel Group Inc. (NYSE:MKL)

US Bancorp DE decreased its holdings in Markel Group Inc. (NYSE:MKL) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,232 shares of the insurance provider’s stock after selling 171 shares during the quarter. US Bancorp DE’s holdings in Markel Group were worth $3,853,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cobblestone Capital Advisors LLC NY boosted its position in Markel Group by 6.8% during the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 19,517 shares of the insurance provider’s stock valued at $33,691,000 after acquiring an additional 1,243 shares during the last quarter. Mills Wealth Advisors LLC boosted its position in Markel Group by 24.5% during the fourth quarter. Mills Wealth Advisors LLC now owns 244 shares of the insurance provider’s stock valued at $421,000 after acquiring an additional 48 shares during the last quarter. Private Trust Co. NA boosted its position 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 acquiring an additional 6 shares during the last quarter. QRG Capital Management Inc. boosted its position in Markel Group by 18.2% during the fourth quarter. QRG Capital Management Inc. now owns 318 shares of the insurance provider’s stock valued at $549,000 after acquiring an additional 49 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Markel Group during the fourth quarter valued at $169,852,000. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,911.46 on Thursday. The firm’s 50-day moving average price is $1,820.88 and its 200-day moving average price is $1,695.13. 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 capitalization of $24.41 billion, a P/E ratio of 9.60 and a beta of 0.78. 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) last announced 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%. Equities research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 88 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the sale, the director now owns 63,436 shares in the company, valued at $117,992,863.08. This represents a 0.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 in the last quarter. Insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MKL shares. Royal Bank of Canada upped their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,685.17.

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.