Markel Group Inc. (NYSE:MKL) Holdings Decreased by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 9.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 132 shares of the insurance provider’s stock after selling 14 shares during the period. Schechter Investment Advisors LLC’s holdings in Markel Group were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brooklyn Investment Group bought a new stake in Markel Group in the third quarter worth about $31,000. Larson Financial Group LLC bought a new stake in Markel Group in the third quarter worth about $36,000. SBI Securities Co. Ltd. bought a new stake in Markel Group in the fourth quarter worth about $36,000. FPC Investment Advisory Inc. bought a new stake in Markel Group in the fourth quarter worth about $37,000. Finally, Global Trust Asset Management LLC bought a new stake in Markel Group in the fourth quarter worth about $41,000. 77.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on MKL shares. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada lifted their price target 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 six have issued a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the transaction, the director now owns 63,722 shares of the company’s stock, valued at $118,426,699.78. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 in the last 90 days. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Trading Down 0.4 %

Shares of MKL opened at $1,898.98 on Friday. The business’s 50-day moving average price is $1,823.82 and its 200 day moving average price is $1,696.55. The stock has a market capitalization of $24.25 billion, a P/E ratio of 9.54 and a beta of 0.78. 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 current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last issued 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 return on equity of 7.55% and a net margin of 16.34%. Analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

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.