Elgethun Capital Management Sells 72 Shares of Markel Group Inc. (NYSE:MKL)

Elgethun Capital Management lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 19.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 306 shares of the insurance provider’s stock after selling 72 shares during the quarter. Elgethun Capital Management’s holdings in Markel Group were worth $528,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quilter Plc increased its holdings in shares of Markel Group by 7.2% during the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock worth $57,206,000 after buying an additional 2,234 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in Markel Group by 25.2% during 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 in the last quarter. WCM Investment Management LLC bought a new position in Markel Group in the 4th quarter valued at $252,000. Franklin Resources Inc. boosted its stake in Markel Group by 10.4% in the third 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 in the last quarter. Finally, Hudson Value Partners LLC grew its holdings in shares of Markel Group by 4.8% during the fourth quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider’s stock worth $5,764,000 after purchasing an additional 153 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 88 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 63,436 shares of the company’s stock, valued at approximately $117,992,863.08. This represents a 0.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 over the last three months. Company insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada increased their price target 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. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus target price of $1,702.20.

Markel Group Stock Down 5.8 %

Shares of NYSE MKL opened at $1,721.17 on Monday. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. The firm’s 50-day moving average is $1,868.94 and its 200-day moving average is $1,739.97. 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 firm has a market capitalization of $21.98 billion, a PE ratio of 8.65 and a beta of 0.70.

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

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.