T. Rowe Price Investment Management Inc. Sells 1,032 Shares of Markel Group Inc. (NYSE:MKL)

T. Rowe Price Investment Management Inc. trimmed its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,688 shares of the insurance provider's stock after selling 1,032 shares during the period. T. Rowe Price Investment Management Inc. owned about 1.20% of Markel Group worth $265,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quilter Plc increased its stake in Markel Group by 7.2% in the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider's stock valued at $57,206,000 after buying an additional 2,234 shares during the last quarter. Fiduciary Alliance LLC lifted its stake in Markel Group by 25.2% in the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider's stock valued at $3,247,000 after purchasing an additional 379 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Markel Group in the 4th quarter valued at about $252,000. Franklin Resources Inc. lifted its holdings in Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock worth $8,736,000 after purchasing an additional 527 shares during the last quarter. Finally, Korea Investment CORP increased its stake in Markel Group by 1.9% during the 4th quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider's stock worth $14,236,000 after acquiring an additional 155 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Markel Group

In other news, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the sale, the director now directly owns 64,868 shares in the company, valued at $120,446,902.40. The trade was a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 2,034 shares of company stock valued at $3,778,952. 1.66% of the stock is owned by company insiders.

Markel Group Trading Down 0.2 %

MKL traded down $3.38 during midday trading on Tuesday, hitting $1,809.90. 8,816 shares of the company were exchanged, compared to its average volume of 49,176. The firm has a market capitalization of $23.01 billion, a P/E ratio of 9.10 and a beta of 0.70. Markel Group Inc. has a 1-year low of $1,436.00 and a 1-year high of $2,063.68. The firm's 50 day moving average price is $1,825.14 and its 200-day moving average price is $1,763.40. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. As a group, equities analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of recent research reports. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada lifted their price target on 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. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, Markel Group currently has an average rating of "Hold" and an average price target of $1,702.20.

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.