Prana Capital Management LP Lowers Position in Markel Group Inc. (NYSE:MKL)

Prana Capital Management LP lessened its holdings in Markel Group Inc. (NYSE:MKL) by 11.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,444 shares of the insurance provider’s stock after selling 547 shares during the period. Prana Capital Management LP’s holdings in Markel Group were worth $7,671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MKL. Quilter Plc raised its position in Markel Group by 7.2% during the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after purchasing an additional 2,234 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of Markel Group in the fourth quarter worth about $252,000. Korea Investment CORP increased its holdings in shares of Markel Group by 1.9% in the fourth quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider’s stock worth $14,236,000 after buying an additional 155 shares during the period. Hudson Value Partners LLC grew its stake in shares of Markel Group by 4.8% in 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. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Markel Group by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider’s stock worth $99,987,000 after purchasing an additional 2,204 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE MKL opened at $1,867.84 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market cap of $23.69 billion, a price-to-earnings ratio of 9.38 and a beta of 0.84. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. The business has a 50-day moving average price of $1,821.27 and a 200-day moving average price of $1,785.15.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada lifted 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 equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,727.75.

Insider Buying and Selling

In other news, Director Steven A. Markel sold 88 shares of the stock in a transaction on Wednesday, February 26th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 2,034 shares of company stock worth $3,778,952. Corporate insiders own 1.66% of the company’s stock.

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.