Nuveen Asset Management LLC Has $41.37 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Nuveen Asset Management LLC cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,964 shares of the insurance provider's stock after selling 1,553 shares during the period. Nuveen Asset Management LLC owned approximately 0.19% of Markel Group worth $41,367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quilter Plc lifted its stake in Markel Group by 7.2% during the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider's stock valued at $57,206,000 after purchasing an additional 2,234 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Markel Group during the fourth quarter valued at approximately $252,000. Korea Investment CORP lifted its stake in Markel Group by 1.9% during the fourth quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider's stock valued at $14,236,000 after purchasing an additional 155 shares during the last quarter. Hudson Value Partners LLC lifted its stake in Markel Group by 4.8% during the fourth quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider's stock valued at $5,764,000 after purchasing an additional 153 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Markel Group by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider's stock valued at $99,987,000 after purchasing an additional 2,204 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 88 shares of the 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 sale, the director now owns 63,436 shares in the company, valued at $117,992,863.08. This represents a 0.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.66% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on MKL shares. Wall Street Zen lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. 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. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $1,727.75.

Markel Group Trading Down 0.0%

Shares of NYSE:MKL traded down $0.77 during mid-day trading on Friday, hitting $1,858.49. The stock had a trading volume of 39,950 shares, compared to its average volume of 50,051. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $23.57 billion, a PE ratio of 9.34 and a beta of 0.84. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68. The company's 50 day moving average is $1,828.48 and its 200-day moving average is $1,801.24.

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.