Markel Group Inc. (NYSE:MKL) Shares Sold by Banyan Capital Management Inc.

Banyan Capital Management Inc. lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,692 shares of the insurance provider’s stock after selling 29 shares during the period. Markel Group makes up approximately 11.1% of Banyan Capital Management Inc.’s investment portfolio, making the stock its 2nd largest position. Banyan Capital Management Inc. owned 0.08% of Markel Group worth $18,457,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MKL. Ieq Capital LLC boosted its holdings in Markel Group by 109.5% during the 4th quarter. Ieq Capital LLC now owns 442 shares of the insurance provider’s stock valued at $763,000 after acquiring an additional 231 shares during the period. Freedom Day Solutions LLC boosted its stake in shares of Markel Group by 16.6% in the fourth quarter. Freedom Day Solutions LLC now owns 1,729 shares of the insurance provider’s stock valued at $2,985,000 after purchasing an additional 246 shares during the period. Hudson Value Partners LLC grew its holdings in shares of Markel Group by 4.8% in the fourth quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider’s stock valued at $5,764,000 after purchasing an additional 153 shares in the last quarter. New York State Common Retirement Fund increased its stake in Markel Group by 4.1% during the 4th quarter. New York State Common Retirement Fund now owns 10,041 shares of the insurance provider’s stock worth $17,333,000 after buying an additional 400 shares during the period. Finally, Mraz Amerine & Associates Inc. lifted its holdings in Markel Group by 0.9% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 18,660 shares of the insurance provider’s stock worth $32,211,000 after buying an additional 171 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Down 0.9 %

NYSE:MKL opened at $1,856.10 on Thursday. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. The stock has a market cap of $23.87 billion, a P/E ratio of 9.33 and a beta of 0.78. 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 simple moving average of $1,789.25 and a 200-day simple moving average of $1,669.70.

Markel Group (NYSE:MKL) last announced its quarterly earnings results 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, analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the subject of several research reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada increased 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 report on Friday, February 7th. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,685.17.

Markel Group 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.