Cheviot Value Management LLC Buys 387 Shares of Markel Group Inc. (NYSE:MKL)

Cheviot Value Management LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,816 shares of the insurance provider's stock after buying an additional 387 shares during the quarter. Markel Group accounts for about 2.2% of Cheviot Value Management LLC's holdings, making the stock its 14th biggest holding. Cheviot Value Management LLC owned approximately 0.05% of Markel Group worth $11,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Markel Group during the fourth quarter worth about $254,795,000. Proficio Capital Partners LLC acquired a new stake in Markel Group during the fourth quarter worth approximately $169,852,000. Davis Selected Advisers grew its stake in Markel Group by 27.9% during the fourth 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 period. Raymond James Financial Inc. acquired a new stake in Markel Group during the fourth quarter worth approximately $98,743,000. Finally, Boston Partners grew its stake in Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock worth $486,580,000 after purchasing an additional 42,178 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MKL has been the subject of several recent analyst reports. Royal Bank of Canada raised 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 note on Friday, February 7th. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $1,702.20.

Markel Group Stock Down 1.2 %

Shares of NYSE:MKL traded down $22.22 during mid-day trading on Wednesday, hitting $1,797.71. 17,204 shares of the company traded hands, compared to its average volume of 49,226. The stock has a market cap of $22.85 billion, a P/E ratio of 9.03 and a beta of 0.70. 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 Inc. has a 12-month low of $1,445.81 and a 12-month high of $2,063.68. The stock has a 50-day moving average price of $1,824.46 and a two-hundred day moving average price of $1,763.80.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) 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%. On average, equities research analysts forecast 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, Director Steven A. Markel sold 800 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the transaction, the director now owns 64,868 shares in the company, valued at $120,446,902.40. This represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price 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 in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 over the last 90 days. Insiders own 1.66% of the company's stock.

Markel Group 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.