Oak Grove Capital LLC Sells 10 Shares of Markel Group Inc. (NYSE:MKL)

Oak Grove Capital LLC cut its position in shares of Markel Group Inc. (NYSE:MKL) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 400 shares of the insurance provider’s stock after selling 10 shares during the quarter. Oak Grove Capital LLC’s holdings in Markel Group were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKL. Private Trust Co. NA grew its position in shares of Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock worth $55,000 after buying an additional 6 shares during the period. Gold Investment Management Ltd. grew 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 worth $1,912,000 after purchasing an additional 7 shares during the period. Gilbert & Cook Inc. increased its stake in shares of Markel Group by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock valued at $739,000 after purchasing an additional 7 shares in the last quarter. Greenleaf Trust increased its stake in shares of Markel Group by 3.4% during the fourth 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 lifted its holdings 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 purchasing an additional 7 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Down 2.6 %

MKL stock opened at $1,868.10 on Wednesday. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The business has a fifty day moving average price of $1,817.75 and a 200-day moving average price of $1,693.61. The stock has a market capitalization of $23.86 billion, a P/E ratio of 9.39 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last issued 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%. Equities analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 800 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the transaction, the director now directly owns 64,868 shares in the company, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired 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 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. Over the last three months, insiders have sold 2,034 shares of company stock valued at $3,778,952. Insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MKL shares. TD Cowen lowered 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. Royal Bank of Canada raised their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, Markel Group currently has an average rating of “Hold” and an average target price of $1,685.17.

Markel Group Company 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.