Cary Street Partners Financial LLC Invests $637,000 in Markel Group Inc. (NYSE:MKL)

Cary Street Partners Financial LLC purchased a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 369 shares of the insurance provider's stock, valued at approximately $637,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MKL. Private Trust Co. NA grew its holdings in shares of Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after purchasing an additional 6 shares during the last quarter. Wellington Shields & Co. LLC raised its position in shares of Markel Group by 4.3% in the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock valued at $250,000 after acquiring an additional 6 shares during the period. Gilbert & Cook Inc. raised its position in shares of Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after acquiring an additional 7 shares during the period. Greenleaf Trust increased its stake in Markel Group by 3.4% during the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock worth $368,000 after purchasing an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in Markel Group by 1.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after purchasing an additional 7 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction on 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 completion of the sale, the director now owns 63,722 shares of the company's stock, valued at approximately $118,426,699.78. This trade represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 2,034 shares of company stock valued at $3,778,952 in the last quarter. 1.66% of the stock is currently owned by insiders.

Markel Group Stock Performance

Markel Group stock traded down $40.25 during mid-day trading on Wednesday, hitting $1,873.30. 20,246 shares of the company's stock traded hands, compared to its average volume of 49,331. The firm has a 50 day simple moving average of $1,821.82 and a two-hundred day simple moving average of $1,784.58. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68. The stock has a market cap of $23.76 billion, a price-to-earnings ratio of 9.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MKL shares. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. 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 note on Friday, February 7th. 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, the company presently has an average rating of "Hold" and a consensus price target of $1,727.75.

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.