Sather Financial Group Inc Sells 55 Shares of Markel Group Inc. (NYSE:MKL)

Sather Financial Group Inc lessened its position in Markel Group Inc. (NYSE:MKL) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,411 shares of the insurance provider’s stock after selling 55 shares during the period. Markel Group comprises 3.1% of Sather Financial Group Inc’s portfolio, making the stock its 14th largest holding. Sather Financial Group Inc owned about 0.22% of Markel Group worth $49,044,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. SpiderRock Advisors LLC lifted its stake in shares of Markel Group by 199.4% in the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock worth $742,000 after purchasing an additional 315 shares during the period. Versor Investments LP lifted its holdings in shares of Markel Group by 72.4% in the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after buying an additional 160 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in Markel Group by 25.2% in the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after acquiring an additional 379 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of 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 buying an additional 527 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Markel Group by 4.2% in 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 in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 2.2 %

Shares of MKL opened at $1,946.60 on Wednesday. The firm has a market cap of $25.03 billion, a P/E ratio of 9.78 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The stock’s 50 day moving average is $1,770.65 and its two-hundred day moving average is $1,656.41. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last announced its earnings results 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%. Analysts predict that Markel Group Inc. will post 97.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada raised their target price on shares of 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. Finally, TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,685.17.

Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.71% of the stock is currently owned by corporate 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.