Gardner Russo & Quinn LLC Has $14.88 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

Gardner Russo & Quinn LLC decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 4.4% in the fourth quarter, Holdings Channel reports. The firm owned 8,621 shares of the insurance provider’s stock after selling 395 shares during the quarter. Markel Group comprises about 0.2% of Gardner Russo & Quinn LLC’s portfolio, making the stock its 20th biggest holding. Gardner Russo & Quinn LLC’s holdings in Markel Group were worth $14,882,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in Markel Group in the 3rd quarter valued at $31,000. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the 3rd quarter valued at $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Markel Group in the 4th quarter worth about $36,000. FPC Investment Advisory Inc. acquired a new stake in shares of Markel Group during the 4th quarter worth about $37,000. Finally, Global Trust Asset Management LLC bought a new position in Markel Group during the 4th quarter valued at about $41,000. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the sale, the director now directly owns 63,722 shares of the company’s stock, valued at approximately $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Down 0.9 %

NYSE MKL opened at $1,853.88 on Friday. The stock has a fifty day moving average of $1,865.72 and a 200-day moving average of $1,727.77. The stock has a market capitalization of $23.67 billion, a P/E ratio of 9.31 and a beta of 0.82. 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 debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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, equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

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.