Cary Street Partners Financial LLC Purchases New Holdings in Markel Group Inc. (NYSE:MKL)

Cary Street Partners Financial LLC acquired a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 369 shares of the insurance provider's stock, valued at approximately $637,000.

A number of other large investors have also recently bought and sold shares of the business. Davis Selected Advisers lifted its holdings in shares of Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after purchasing an additional 80,922 shares during the last quarter. Boston Partners lifted its stake in Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after buying an additional 42,178 shares during the last quarter. Norges Bank acquired a new position in shares of Markel Group during the fourth quarter valued at $254,795,000. Bank of America Corp DE grew its position in shares of Markel Group by 0.7% during the fourth quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock worth $243,393,000 after acquiring an additional 915 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Markel Group by 19.3% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock worth $209,891,000 after acquiring an additional 19,657 shares during the period. Institutional investors own 77.12% of the company's stock.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 1,146 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the sale, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 2,034 shares of company stock valued at $3,778,952. Corporate insiders own 1.66% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1,727.75.

Markel Group Price Performance

Markel Group stock traded up $22.79 during trading hours on Friday, hitting $1,903.48. 51,436 shares of the company traded hands, compared to its average volume of 49,307. The firm's 50-day simple moving average is $1,821.38 and its two-hundred day simple moving average is $1,779.69. The firm has a market cap of $24.15 billion, a P/E ratio of 9.56 and a beta of 0.84. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. As a group, analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.