Man Group plc Has $7.75 Million Holdings in Markel Group Inc. (NYSE:MKL)

Man Group plc decreased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 64.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,487 shares of the insurance provider's stock after selling 8,268 shares during the quarter. Man Group plc's holdings in Markel Group were worth $7,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Markel Group in the 4th quarter worth about $254,795,000. Proficio Capital Partners LLC bought a new position in Markel Group in the 4th quarter worth about $169,852,000. Davis Selected Advisers boosted its holdings in shares of Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after acquiring an additional 80,922 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Markel Group in the fourth quarter valued at approximately $98,743,000. Finally, Boston Partners boosted its holdings in shares of Markel Group by 17.6% in the fourth 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. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MKL. Wall Street Zen cut shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada increased their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $1,727.75.

Insider Activity at Markel Group

In related news, Director Steven A. Markel sold 88 shares of the firm's 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 value of $163,682.64. Following the completion of the transaction, the director now owns 63,436 shares of the company's stock, valued at approximately $117,992,863.08. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 over the last ninety days. Insiders own 1.66% of the company's stock.

Markel Group Price Performance

MKL stock traded down $5.45 on Thursday, hitting $1,859.10. 40,355 shares of the company's stock traded hands, compared to its average volume of 50,012. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The stock has a market cap of $23.58 billion, a price-to-earnings ratio of 9.34 and a beta of 0.84. The stock has a fifty day moving average of $1,828.22 and a 200-day moving average of $1,797.05. 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 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.