Prana Capital Management LP Has $7.67 Million Position in Markel Group Inc. (NYSE:MKL)

Prana Capital Management LP reduced its position in shares of Markel Group Inc. (NYSE:MKL) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,444 shares of the insurance provider’s stock after selling 547 shares during the period. Prana Capital Management LP’s holdings in Markel Group were worth $7,671,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in Markel Group in the 4th quarter valued at $37,000. SBI Securities Co. Ltd. bought a new stake in shares of Markel Group in the 4th quarter valued at about $36,000. Global Trust Asset Management LLC bought a new stake in shares of Markel Group in the 4th quarter valued at about $41,000. Private Trust Co. NA lifted its stake in shares of Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 6 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Markel Group by 140.0% in the 4th quarter. Assetmark Inc. now owns 36 shares of the insurance provider’s stock valued at $62,000 after purchasing an additional 21 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,727.75.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the completion of the transaction, the director now directly owns 63,722 shares of the company’s stock, valued at approximately $118,426,699.78. This represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 2,034 shares of company stock valued at $3,778,952. Company insiders own 1.66% of the company’s stock.

Markel Group Stock Performance

MKL stock opened at $1,867.84 on Thursday. The business has a 50 day moving average of $1,821.27 and a 200-day moving average of $1,785.15. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68. The firm has a market cap of $23.69 billion, a PE ratio of 9.38 and a beta of 0.84. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

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.