Focus Partners Wealth Sells 208 Shares of Markel Group Inc. (NYSE:MKL)

Focus Partners Wealth cut its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,083 shares of the insurance provider's stock after selling 208 shares during the quarter. Focus Partners Wealth owned 0.06% of Markel Group worth $13,953,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Markel Group in the fourth quarter worth $254,795,000. Proficio Capital Partners LLC purchased a new stake in Markel Group during the fourth quarter valued at $169,852,000. Davis Selected Advisers raised its stake 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in Markel Group during the fourth quarter valued at $98,743,000. Finally, Boston Partners raised its stake in Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after purchasing an additional 42,178 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Up 1.9%

Shares of NYSE MKL traded up $34.77 during mid-day trading on Thursday, reaching $1,901.06. The company had a trading volume of 53,412 shares, compared to its average volume of 49,639. The business's 50-day moving average is $1,821.27 and its 200-day moving average is $1,785.15. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $24.11 billion, a price-to-earnings ratio of 9.55 and a beta of 0.84. Markel Group Inc. has a 52 week low of $1,491.03 and a 52 week high of $2,063.68.

Insider Transactions at Markel Group

In other news, Director Steven A. Markel sold 88 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 63,436 shares in the company, valued at approximately $117,992,863.08. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 2,034 shares of company stock worth $3,778,952. Insiders own 1.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada boosted 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 research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $1,727.75.

About Markel Group

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.