Tsai Capital Corp Has $4.50 Million Position in Markel Group Inc. (NYSE:MKL)

Tsai Capital Corp reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,606 shares of the insurance provider’s stock after selling 221 shares during the quarter. Markel Group accounts for 3.3% of Tsai Capital Corp’s holdings, making the stock its 7th biggest holding. Tsai Capital Corp’s holdings in Markel Group were worth $4,499,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brooklyn Investment Group bought a new stake in shares of Markel Group during the third quarter valued at approximately $31,000. FPC Investment Advisory Inc. bought a new position in Markel Group in the 4th quarter valued at $37,000. SBI Securities Co. Ltd. purchased a new position in Markel Group in the fourth quarter valued at approximately $36,000. Larson Financial Group LLC purchased a new stake in shares of Markel Group during the 3rd quarter valued at approximately $36,000. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Markel Group in the fourth quarter worth about $41,000. 77.12% of the stock is currently owned by institutional investors.

Insider Activity at Markel Group

In other news, Director Steven A. Markel sold 800 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the transaction, the director now directly owns 64,868 shares of the company’s stock, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 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, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 2,034 shares of company stock valued at $3,778,952 over the last quarter. 1.71% of the stock is owned by insiders.

Markel Group Price Performance

NYSE:MKL opened at $1,853.88 on Friday. The firm has a market cap of $23.67 billion, a price-to-earnings ratio of 9.31 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. The company has a 50 day moving average price of $1,865.72 and a 200-day moving average price of $1,727.77.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada upped 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 equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, Markel Group has an average rating of “Hold” and a consensus price target of $1,702.20.

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.