Markel Group Inc. (NYSE:MKL) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 51.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,118 shares of the insurance provider's stock after selling 1,189 shares during the quarter. Baird Financial Group Inc.'s holdings in Markel Group were worth $1,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Markel Group during the 4th quarter valued at approximately $36,000. FPC Investment Advisory Inc. acquired a new stake in shares of Markel Group during the 4th quarter valued at approximately $37,000. Global Trust Asset Management LLC acquired a new stake in shares of Markel Group during the 4th quarter valued at approximately $41,000. Private Trust Co. NA raised its position in shares of Markel Group by 23.1% during the 4th 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 in the last quarter. Finally, Assetmark Inc. raised its position in shares of Markel Group by 140.0% during the 4th quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock valued at $62,000 after acquiring an additional 21 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

Several research firms recently issued reports on MKL. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada increased their target price on 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 equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Markel Group presently has an average rating of "Hold" and an average target price of $1,727.75.

Markel Group Stock Performance

NYSE MKL traded up $34.77 during trading hours on Thursday, hitting $1,901.06. The company had a trading volume of 53,412 shares, compared to its average volume of 49,639. The firm has a market cap of $24.11 billion, a P/E ratio of 9.55 and a beta of 0.84. 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 Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68. The business has a fifty day simple moving average of $1,821.27 and a 200-day simple moving average of $1,785.15.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 2,034 shares of company stock valued at $3,778,952 over the last 90 days. 1.66% of the stock is currently owned by company insiders.

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.