Markel Group Inc. (NYSE:MKL) is DAVENPORT & Co LLC's 2nd Largest Position

DAVENPORT & Co LLC trimmed its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,544 shares of the insurance provider's stock after selling 57,878 shares during the quarter. Markel Group accounts for 2.4% of DAVENPORT & Co LLC's portfolio, making the stock its 2nd largest position. DAVENPORT & Co LLC owned about 1.90% of Markel Group worth $355,236,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Asset Dedication LLC increased its holdings in Markel Group by 72.7% in the second quarter. Asset Dedication LLC now owns 19 shares of the insurance provider's stock worth $26,000 after buying an additional 8 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its holdings in Markel Group by 150.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider's stock worth $29,000 after buying an additional 12 shares during the last quarter. Blue Trust Inc. increased its holdings in Markel Group by 133.3% in the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider's stock worth $31,000 after buying an additional 12 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Markel Group in the second quarter worth approximately $39,000. Finally, Achmea Investment Management B.V. acquired a new position in Markel Group in the first quarter worth approximately $41,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MKL has been the topic of a number of research reports. Royal Bank of Canada restated a "sector perform" rating and issued a $1,475.00 price objective on shares of Markel Group in a report on Friday, February 2nd. Jefferies Financial Group downgraded Markel Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Finally, Janney Montgomery Scott reiterated a "neutral" rating and set a $1,600.00 price target on shares of Markel Group in a report on Friday, March 15th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $1,450.00.

Insider Buying and Selling

In other news, Director A. Lynne Puckett bought 72 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the transaction, the director now directly owns 960 shares in the company, valued at $1,352,908.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average cost of $1,414.74 per share, with a total value of $141,474.00. Following the completion of the transaction, the chief executive officer now directly owns 45,039 shares in the company, valued at $63,718,474.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A. Lynne Puckett acquired 72 shares of the business's stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the acquisition, the director now owns 960 shares of the company's stock, valued at approximately $1,352,908.80. The disclosure for this purchase can be found here. 1.75% of the stock is owned by company insiders.

Markel Group Stock Performance

Shares of Markel Group stock traded down $5.58 during midday trading on Tuesday, hitting $1,503.20. The company had a trading volume of 31,560 shares, compared to its average volume of 50,714. The business's 50 day simple moving average is $1,479.21 and its two-hundred day simple moving average is $1,448.27. The stock has a market cap of $19.71 billion, a PE ratio of 10.23 and a beta of 0.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Markel Group Inc. has a 1-year low of $1,272.43 and a 1-year high of $1,560.00.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $23.58 by $32.90. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. As a group, equities analysts predict that Markel Group Inc. will post 82.15 EPS 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.

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