Jane Street Group LLC Cuts Stake in Markel Group Inc. (NYSE:MKL)

Jane Street Group LLC reduced its position in Markel Group Inc. (NYSE:MKL - Free Report) by 76.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 606 shares of the insurance provider's stock after selling 2,007 shares during the quarter. Jane Street Group LLC's holdings in Markel Group were worth $1,046,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Davis Selected Advisers lifted its position in Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after purchasing an additional 80,922 shares during the period. Boston Partners grew its stake in Markel Group by 17.6% during the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after acquiring an additional 42,178 shares in the last quarter. Norges Bank purchased a new stake in Markel Group during the 4th quarter valued at about $254,795,000. Van Lanschot Kempen Investment Management N.V. grew its stake 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 valued at $209,891,000 after buying an additional 19,657 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Markel Group by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 116,664 shares of the insurance provider's stock valued at $201,393,000 after buying an additional 1,975 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

NYSE MKL opened at $1,864.65 on Thursday. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68. The business's 50-day moving average price is $1,828.22 and its 200 day moving average price is $1,797.05. The firm has a market cap of $23.65 billion, a P/E ratio of 9.37 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.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the sale, the director now directly owns 63,436 shares in the company, valued at approximately $117,992,863.08. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MKL has been the subject of several recent research reports. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada raised their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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.

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