Markel Group Inc. (NYSE:MKL) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,781 shares of the insurance provider’s stock after selling 126 shares during the period. D.A. Davidson & CO.’s holdings in Markel Group were worth $3,074,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after acquiring an additional 13,372 shares in the last quarter. Geode Capital Management LLC grew its holdings in Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after acquiring an additional 10,254 shares in the last quarter. Jennison Associates LLC grew its holdings in Markel Group by 9.9% during the 4th quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock worth $135,915,000 after acquiring an additional 7,102 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Markel Group by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock worth $87,398,000 after acquiring an additional 766 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its holdings in Markel Group by 0.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider’s stock worth $72,490,000 after acquiring an additional 133 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Trading Down 0.1 %

Shares of NYSE:MKL opened at $1,855.37 on Friday. The company has a market cap of $23.86 billion, a PE ratio of 9.32 and a beta of 0.78. The company’s 50-day moving average price is $1,791.50 and its 200 day moving average price is $1,670.99. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. Sell-side analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada raised their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus target price of $1,685.17.

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.