Markel Group Inc. (NYSE:MKL) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its position in Markel Group Inc. (NYSE:MKL - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,767 shares of the insurance provider's stock after selling 550 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.05% of Markel Group worth $11,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. SBI Securities Co. Ltd. purchased a new stake in Markel Group in the fourth quarter valued at approximately $36,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group in the fourth quarter valued at approximately $37,000. Global Trust Asset Management LLC purchased a new stake in Markel Group in the fourth quarter valued at approximately $41,000. Private Trust Co. NA lifted its stake in Markel Group by 23.1% in the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after buying an additional 6 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Markel Group by 140.0% in the fourth quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock valued at $62,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their price target 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 four have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,727.75.

Markel Group Price Performance

NYSE:MKL traded up $34.77 during trading hours on Thursday, hitting $1,901.06. The company's stock had a trading volume of 53,412 shares, compared to its average volume of 49,639. The business's 50-day moving average is $1,821.27 and its two-hundred day moving average is $1,785.15. The company has a market capitalization of $24.11 billion, a PE ratio of 9.55 and a beta of 0.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 63,722 shares in the company, valued at approximately $118,426,699.78. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 2,034 shares of company stock worth $3,778,952. 1.66% of the stock is owned by corporate insiders.

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.