Seizert Capital Partners LLC Sells 4,055 Shares of Markel Group Inc. (NYSE:MKL)

Seizert Capital Partners LLC decreased its stake in Markel Group Inc. (NYSE:MKL) by 35.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,230 shares of the insurance provider’s stock after selling 4,055 shares during the period. Seizert Capital Partners LLC owned about 0.06% of Markel Group worth $12,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MKL. Private Trust Co. NA increased its stake in shares of Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after buying an additional 6 shares during the period. Gold Investment Management Ltd. boosted its holdings in Markel Group by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after acquiring an additional 7 shares in the last quarter. Gilbert & Cook Inc. raised its holdings in Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock worth $739,000 after purchasing an additional 7 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Markel Group by 3.4% during the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after purchasing an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in shares of Markel Group by 1.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock valued at $810,000 after buying an additional 7 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 2.6 %

Markel Group stock opened at $1,868.10 on Wednesday. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. 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 business’s fifty day simple moving average is $1,817.75 and its two-hundred day simple moving average is $1,693.61. The company has a market capitalization of $23.86 billion, a price-to-earnings ratio of 9.39 and a beta of 0.78.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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 predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the transaction, the director now owns 63,722 shares in the company, valued at $118,426,699.78. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock worth $3,778,952 in the last three months. Insiders own 1.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on MKL shares. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada increased their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus target price 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.