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

Oak Grove Capital LLC decreased its stake in shares of Markel Group Inc. (NYSE:MKL) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Markel Group in the 4th quarter worth approximately $169,852,000. Empirical Asset Management LLC purchased a new position in shares of Markel Group in the fourth quarter valued at $54,173,000. Caisse DE Depot ET Placement DU Quebec increased its position in Markel Group by 3,729.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after purchasing an additional 14,507 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in 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 purchasing an additional 14,022 shares in the last quarter. Finally, State Street Corp lifted its position in 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 purchasing an additional 13,372 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Down 2.6 %

Shares of NYSE:MKL opened at $1,868.10 on Wednesday. The firm has a market capitalization of $23.86 billion, a PE ratio of 9.39 and a beta of 0.78. The business has a 50 day simple moving average of $1,817.75 and a two-hundred day simple moving average of $1,693.61. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. 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 posted its quarterly earnings data 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%. On average, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research reports. Royal Bank of Canada boosted their target price on shares of 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. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and cut their target price for the company 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 issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Insider Activity

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the completion of the sale, the director now directly owns 63,722 shares of the company’s stock, valued at $118,426,699.78. The trade was a 1.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by company insiders.

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.