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

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

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Markel Group in the third quarter valued at about $31,000. FPC Investment Advisory Inc. acquired a new position in Markel Group in the fourth quarter valued at about $37,000. SBI Securities Co. Ltd. acquired a new position in Markel Group in the fourth quarter valued at about $36,000. Larson Financial Group LLC acquired a new position in Markel Group in the third quarter valued at about $36,000. Finally, Global Trust Asset Management LLC acquired a new position in Markel Group in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MKL shares. Royal Bank of Canada boosted their target price 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 cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus target price of $1,702.20.

Markel Group Stock Up 0.4 %

Shares of NYSE MKL opened at $1,851.92 on Thursday. The company has a 50 day simple moving average of $1,846.64 and a 200 day simple moving average of $1,714.52. The firm has a market cap of $23.65 billion, a PE ratio of 9.30 and a beta of 0.82. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

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 analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Activity at Markel Group

In other Markel Group news, Director Steven A. Markel sold 88 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 represents a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were purchased 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 directly owns 48,945 shares in the company, valued at approximately $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 worth $3,778,952 in the last quarter. 1.71% of the stock is owned by insiders.

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.