Markel Group Inc. (NYSE:MKL) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lessened its stake in shares of Markel Group Inc. (NYSE:MKL) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 336 shares of the insurance provider’s stock after selling 15 shares during the quarter. Shell Asset Management Co.’s holdings in Markel Group were worth $580,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MKL. Norges Bank acquired a new stake in Markel Group during the 4th quarter valued at $254,795,000. Proficio Capital Partners LLC acquired a new stake in Markel Group during the 4th quarter valued at $169,852,000. Davis Selected Advisers boosted its holdings in shares of Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after purchasing an additional 80,922 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Markel Group during the fourth quarter worth $98,743,000. Finally, Boston Partners boosted its holdings in shares of Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock worth $486,580,000 after purchasing an additional 42,178 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity at Markel Group

In related news, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the transaction, the director now owns 64,868 shares in the company, valued at approximately $120,446,902.40. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 2,034 shares of company stock worth $3,778,952. 1.66% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on 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 cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1,727.75.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,918.78 on Monday. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. The stock has a market capitalization of $24.34 billion, a P/E ratio of 9.64 and a beta of 0.84. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $1,824.29 and its 200 day moving average price is $1,793.22.

Markel Group 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.