Markel Group Inc. (NYSE:MKL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 41.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,291 shares of the insurance provider's stock after selling 909 shares during the period. Nisa Investment Advisors LLC's holdings in Markel Group were worth $1,833,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Markel Group by 521.2% during the 4th quarter. Morgan Stanley now owns 530,597 shares of the insurance provider's stock worth $699,057,000 after acquiring an additional 445,182 shares during the period. Norges Bank bought a new stake in shares of Markel Group during the 4th quarter worth approximately $182,438,000. Imprint Wealth LLC bought a new stake in shares of Markel Group during the 2nd quarter worth approximately $4,150,000. Invesco Ltd. lifted its holdings in shares of Markel Group by 109.6% during the 3rd quarter. Invesco Ltd. now owns 69,272 shares of the insurance provider's stock worth $102,002,000 after acquiring an additional 36,215 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Markel Group by 104.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,669 shares of the insurance provider's stock worth $76,082,000 after acquiring an additional 26,418 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Down 0.8 %

Shares of MKL traded down $11.31 during trading hours on Friday, reaching $1,432.54. 60,484 shares of the stock traded hands, compared to its average volume of 38,539. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $1,482.15 and a 200 day simple moving average of $1,446.26. Markel Group Inc. has a 52 week low of $1,272.43 and a 52 week high of $1,560.00. The company has a market cap of $18.68 billion, a price-to-earnings ratio of 9.75 and a beta of 0.70.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $23.58 by $32.90. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.75 billion. On average, equities analysts forecast that Markel Group Inc. will post 80.08 EPS for the current year.

Insider Transactions at Markel Group

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

Analysts Set New Price Targets

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

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.