Cresset Asset Management LLC Decreases Stake in Markel Group Inc. (NYSE:MKL)

Cresset Asset Management LLC decreased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 68.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 124 shares of the insurance provider's stock after selling 266 shares during the quarter. Cresset Asset Management LLC's holdings in Markel Group were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Private Trust Co. NA boosted its position in Markel Group by 23.1% during the fourth 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 during the last quarter. Wellington Shields & Co. LLC boosted its position in Markel Group by 4.3% during the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock valued at $250,000 after acquiring an additional 6 shares during the last quarter. Gilbert & Cook Inc. boosted its position in Markel Group by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after acquiring an additional 7 shares during the last quarter. Greenleaf Trust boosted its position in Markel Group by 3.4% during the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock valued at $368,000 after acquiring an additional 7 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in Markel Group by 1.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock valued at $810,000 after acquiring an additional 7 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Down 1.8%

Shares of MKL stock traded down $34.11 on Wednesday, reaching $1,864.65. 58,731 shares of the company were exchanged, compared to its average volume of 49,964. The company has a market cap of $23.65 billion, a price-to-earnings ratio of 9.37 and a beta of 0.84. The company has a 50-day moving average of $1,827.94 and a 200-day moving average of $1,796.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68.

Wall Street Analyst Weigh In

MKL has been the topic of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat, Markel Group has an average rating of "Hold" and an average target price of $1,727.75.

Insider Activity at Markel Group

In related news, Director Steven A. Markel sold 800 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the transaction, the director now owns 64,868 shares of the company's stock, valued at approximately $120,446,902.40. This trade represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.66% of the stock is owned by corporate 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.