Markel Group Inc. (NYSE:MKL) Position Reduced by Capco Asset Management LLC

Capco Asset Management LLC trimmed its position in shares of Markel Group Inc. (NYSE:MKL) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,006 shares of the insurance provider’s stock after selling 502 shares during the quarter. Markel Group makes up 10.9% of Capco Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Capco Asset Management LLC owned 0.22% of Markel Group worth $48,344,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Sei Investments Co. boosted its position in Markel Group by 0.9% during the fourth quarter. Sei Investments Co. now owns 7,067 shares of the insurance provider’s stock worth $12,199,000 after purchasing an additional 63 shares in the last quarter. American Century Companies Inc. boosted its position in Markel Group by 21.8% during the fourth quarter. American Century Companies Inc. now owns 15,938 shares of the insurance provider’s stock worth $27,513,000 after purchasing an additional 2,854 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC boosted its position in Markel Group by 2.5% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 705 shares of the insurance provider’s stock worth $1,217,000 after purchasing an additional 17 shares in the last quarter. Virtu Financial LLC purchased a new stake in Markel Group during the fourth quarter worth $697,000. Finally, TD Private Client Wealth LLC boosted its position in Markel Group by 5.6% during the fourth quarter. TD Private Client Wealth LLC now owns 882 shares of the insurance provider’s stock worth $1,523,000 after purchasing an additional 47 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MKL has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, Markel Group presently has an average rating of “Hold” and a consensus target price of $1,702.20.

Markel Group Stock Performance

NYSE MKL opened at $1,833.40 on Friday. The business’s 50-day moving average price is $1,852.81 and its 200 day moving average price is $1,717.05. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68. The company has a market capitalization of $23.41 billion, a PE ratio of 9.21 and a beta of 0.82. 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 released its earnings results 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 return on equity of 7.55% and a net margin of 16.34%. On average, research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction on Friday, February 7th. The stock was bought 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 of the company’s stock, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the sale, the director now owns 63,722 shares of the company’s stock, valued at $118,426,699.78. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by company insiders.

About Markel Group

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.