Prana Capital Management LP Has $7.67 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Prana Capital Management LP decreased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,444 shares of the insurance provider's stock after selling 547 shares during the quarter. Prana Capital Management LP's holdings in Markel Group were worth $7,671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Markel Group during the fourth quarter worth $36,000. FPC Investment Advisory Inc. bought a new position in shares of Markel Group in the 4th quarter valued at approximately $37,000. Global Trust Asset Management LLC acquired a new stake in Markel Group in the 4th quarter worth approximately $41,000. Private Trust Co. NA boosted its position in Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after purchasing an additional 6 shares during the period. Finally, Assetmark Inc. raised its position in shares of Markel Group by 140.0% in the fourth quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock valued at $62,000 after purchasing an additional 21 shares during the period. Institutional investors own 77.12% of the company's stock.

Insider Transactions at Markel Group

In other Markel Group news, Director Steven A. Markel sold 88 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the transaction, the director now owns 63,436 shares in the company, valued at $117,992,863.08. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MKL shares. Royal Bank of Canada raised their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $1,727.75.

Markel Group Stock Performance

NYSE:MKL traded up $3.02 during trading hours on Monday, hitting $1,918.94. 42,140 shares of the company traded hands, compared to its average volume of 49,782. 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 capitalization of $24.34 billion, a price-to-earnings ratio of 9.64 and a beta of 0.84. The firm has a 50-day moving average of $1,824.29 and a 200 day moving average of $1,793.22. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68.

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.