Markel Group Inc. (NYSE:MKL) Shares Sold by Focus Partners Wealth

Focus Partners Wealth lessened its holdings in Markel Group Inc. (NYSE:MKL) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,083 shares of the insurance provider’s stock after selling 208 shares during the quarter. Focus Partners Wealth’s holdings in Markel Group were worth $13,953,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Markel Group in the fourth quarter worth $36,000. FPC Investment Advisory Inc. acquired a new position in shares of Markel Group during the fourth quarter valued at $37,000. Global Trust Asset Management LLC acquired a new position in shares of Markel Group during the fourth quarter valued at $41,000. Private Trust Co. NA boosted its holdings in shares of Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after acquiring an additional 6 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of Markel Group by 140.0% during the fourth quarter. Assetmark Inc. now owns 36 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 21 shares during the period. 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 88 shares of Markel Group stock in a transaction dated 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 sale, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 2,034 shares of company stock worth $3,778,952 over the last ninety days. 1.66% of the stock is currently owned by corporate insiders.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,917.97 on Tuesday. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68. The firm’s 50-day simple moving average is $1,821.51 and its 200 day simple moving average is $1,783.67. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $24.33 billion, a P/E ratio of 9.64 and a beta of 0.84.

Analysts Set New Price Targets

MKL has been the subject of several analyst reports. Royal Bank of Canada boosted their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus target price of $1,727.75.

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.