PYA Waltman Capital LLC Sells 40 Shares of Markel Group Inc. (NYSE:MKL)

PYA Waltman Capital LLC trimmed its stake in Markel Group Inc. (NYSE:MKL) by 0.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,839 shares of the insurance provider’s stock after selling 40 shares during the quarter. Markel Group makes up 6.0% of PYA Waltman Capital LLC’s holdings, making the stock its 4th largest holding. PYA Waltman Capital LLC owned about 0.08% of Markel Group worth $18,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MKL. Empirical Asset Management LLC purchased a new position in shares of Markel Group during the fourth quarter valued at $54,173,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Markel Group by 3,729.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after buying an additional 14,507 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Markel Group by 167.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock valued at $38,687,000 after buying an additional 14,022 shares in the last quarter. State Street Corp grew its holdings in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after buying an additional 13,372 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after buying an additional 10,973 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other Markel Group 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 price of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.71% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on MKL. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada lifted their price objective 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. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Stock Performance

MKL opened at $1,855.37 on Friday. The company has a market cap of $23.86 billion, a PE ratio of 9.32 and a beta of 0.78. The stock has a 50-day moving average of $1,791.50 and a 200-day moving average of $1,670.99. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

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

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.