Markel Group Inc. (NYSE:MKL) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC trimmed its stake in Markel Group Inc. (NYSE:MKL) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,882 shares of the insurance provider’s stock after selling 165 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Markel Group were worth $15,300,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC grew its stake in shares of Markel Group by 18.4% during the 3rd quarter. Intech Investment Management LLC now owns 862 shares of the insurance provider’s stock valued at $1,352,000 after buying an additional 134 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Markel Group by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock valued at $87,398,000 after acquiring an additional 766 shares during the last quarter. Cerity Partners LLC grew its position in Markel Group by 16.0% during the third quarter. Cerity Partners LLC now owns 4,540 shares of the insurance provider’s stock valued at $7,121,000 after acquiring an additional 625 shares during the period. Larson Financial Group LLC acquired a new stake in Markel Group during the third quarter worth about $36,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Markel Group by 12.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 990 shares of the insurance provider’s stock worth $1,553,000 after purchasing an additional 110 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Down 0.3 %

Shares of NYSE:MKL opened at $1,863.65 on Wednesday. The company has a market capitalization of $23.80 billion, a price-to-earnings ratio of 9.36 and a beta of 0.82. The company has a 50 day moving average of $1,859.72 and a two-hundred day moving average of $1,723.67. 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 quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last announced its earnings results 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%. As a group, analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction on 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 of the company’s stock, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,034 shares of company stock worth $3,778,952 over the last ninety days. Corporate insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on MKL shares. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada increased their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the company 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 five have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,702.20.

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.