Polar Capital Holdings Plc Cuts Holdings in Markel Group Inc. (NYSE:MKL)

Polar Capital Holdings Plc decreased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 77,350 shares of the insurance provider's stock after selling 5,650 shares during the period. Polar Capital Holdings Plc owned 0.60% of Markel Group worth $133,524,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after buying an additional 6 shares during the period. Wellington Shields & Co. LLC lifted its holdings in shares of Markel Group by 4.3% during the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock worth $250,000 after acquiring an additional 6 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of Markel Group by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock worth $739,000 after acquiring an additional 7 shares during the last quarter. Greenleaf Trust raised its position in Markel Group by 3.4% in the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock worth $368,000 after purchasing an additional 7 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in Markel Group by 1.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after purchasing an additional 7 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MKL shares. 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. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $1,727.75.

Markel Group Stock Performance

Shares of MKL traded down $18.78 during mid-day trading on Tuesday, hitting $1,899.71. 13,123 shares of the company traded hands, compared to its average volume of 49,638. 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 stock has a 50-day moving average price of $1,826.33 and a two-hundred day moving average price of $1,795.86. Markel Group Inc. has a 1 year low of $1,491.03 and a 1 year high of $2,063.68. The stock has a market cap of $24.10 billion, a price-to-earnings ratio of 9.54 and a beta of 0.84.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 88 shares of the stock in a transaction on Wednesday, February 26th. The stock was 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 approximately $117,992,863.08. This represents a 0.14% decrease in their position. The sale was disclosed in a filing 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. Company insiders own 1.66% of the company's stock.

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.