Fiduciary Group LLC Has $3.37 Million Holdings in Markel Group Inc. (NYSE:MKL)

Fiduciary Group LLC cut its holdings in Markel Group Inc. (NYSE:MKL) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,951 shares of the insurance provider’s stock after selling 21 shares during the period. Fiduciary Group LLC’s holdings in Markel Group were worth $3,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quilter Plc raised its holdings in shares of Markel Group by 7.2% in the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after purchasing an additional 2,234 shares during the last quarter. Fiduciary Alliance LLC increased its holdings in Markel Group by 25.2% during the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after buying an additional 379 shares during the last quarter. WCM Investment Management LLC acquired a new position in Markel Group during the fourth quarter worth $252,000. Franklin Resources Inc. increased its holdings in Markel Group by 10.4% during the third quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after buying an additional 527 shares during the last quarter. Finally, Hudson Value Partners LLC increased its holdings in Markel Group by 4.8% during the fourth quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider’s stock worth $5,764,000 after buying an additional 153 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MKL shares. Royal Bank of Canada boosted their target price on shares of 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 downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,702.20.

Insiders Place Their Bets

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. Also, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 over the last ninety days. 1.71% of the stock is currently owned by company insiders.

Markel Group Trading Up 0.4 %

MKL stock opened at $1,851.92 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a fifty day moving average price of $1,846.64 and a two-hundred day moving average price of $1,714.52. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 9.30 and a beta of 0.82.

Markel Group (NYSE:MKL) last released its quarterly earnings data 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 return on equity of 7.55% and a net margin of 16.34%. Equities analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

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.