First Manhattan CO. LLC. Has $84.66 Million Stock Position in Markel Group Inc. (NYSE:MKL)

First Manhattan CO. LLC. cut its holdings in shares of Markel Group Inc. (NYSE:MKL) by 46.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,041 shares of the insurance provider’s stock after selling 42,566 shares during the quarter. First Manhattan CO. LLC.’s holdings in Markel Group were worth $84,656,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MKL. Davis Selected Advisers raised its position in shares of Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock valued at $639,606,000 after buying an additional 80,922 shares during the last quarter. Boston Partners boosted its stake in Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock worth $486,580,000 after buying an additional 42,178 shares in the last quarter. Norges Bank bought a new stake in Markel Group in the 4th quarter valued at $254,795,000. Bank of America Corp DE raised its stake in shares of Markel Group by 0.7% in the 4th quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider’s stock valued at $243,393,000 after buying an additional 915 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Markel Group by 19.3% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider’s stock worth $209,891,000 after acquiring an additional 19,657 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Up 0.4 %

Shares of NYSE:MKL opened at $1,884.90 on Friday. The company has a 50-day simple moving average of $1,820.67 and a 200 day simple moving average of $1,776.03. The company has a market capitalization of $23.91 billion, a P/E ratio of 9.47 and a beta of 0.84. 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 $1,491.03 and a 52-week high of $2,063.68.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (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%. Sell-side analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on MKL. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada upped their price target on 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. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus target price of $1,727.75.

Insider Transactions at Markel Group

In other news, Director Steven A. Markel sold 800 shares of the business’s stock in a transaction dated 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 owns 64,868 shares of the company’s stock, valued at approximately $120,446,902.40. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 2,034 shares of company stock worth $3,778,952. Company insiders own 1.66% of the company’s stock.

Markel Group 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.