Broad Run Investment Management LLC Has $56.72 Million Holdings in Markel Group Inc. (NYSE:MKL)

Broad Run Investment Management LLC cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,856 shares of the insurance provider's stock after selling 254 shares during the quarter. Markel Group comprises approximately 7.7% of Broad Run Investment Management LLC's portfolio, making the stock its 4th biggest holding. Broad Run Investment Management LLC owned approximately 0.26% of Markel Group worth $56,717,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Cheviot Value Management LLC boosted its stake in shares of Markel Group by 6.0% in the fourth quarter. Cheviot Value Management LLC now owns 6,816 shares of the insurance provider's stock valued at $11,766,000 after purchasing an additional 387 shares during the period. Snyder Capital Management L P increased its stake in Markel Group by 15.6% during the 4th quarter. Snyder Capital Management L P now owns 10,873 shares of the insurance provider's stock valued at $18,769,000 after buying an additional 1,470 shares during the period. Two Sigma Securities LLC acquired a new position in Markel Group during the 4th quarter valued at about $690,000. Kovitz Investment Group Partners LLC increased its holdings in shares of Markel Group by 11.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 198 shares of the insurance provider's stock valued at $342,000 after buying an additional 21 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of Markel Group by 2.0% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,804 shares of the insurance provider's stock valued at $4,841,000 after purchasing an additional 55 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Markel Group

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Markel sold 800 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the transaction, the director now directly owns 64,868 shares of the company's stock, valued at approximately $120,446,902.40. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,034 shares of company stock valued at $3,778,952. Insiders own 1.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on 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. StockNews.com cut shares of 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 five have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $1,702.20.

Markel Group Price Performance

Markel Group stock traded up $8.21 on Tuesday, reaching $1,821.49. The company's stock had a trading volume of 43,484 shares, compared to its average volume of 49,350. The company has a market cap of $23.15 billion, a price-to-earnings ratio of 9.15 and a beta of 0.70. Markel Group Inc. has a twelve month low of $1,445.81 and a twelve month high of $2,063.68. 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 business's fifty day moving average price is $1,825.14 and its 200 day moving average price is $1,763.40.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. Equities analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.