Northwest Quadrant Wealth Management LLC Reduces Stock Position in Markel Group Inc. (NYSE:MKL)

Northwest Quadrant Wealth Management LLC lowered its holdings in shares of Markel Group Inc. (NYSE:MKL) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151 shares of the insurance provider’s stock after selling 10 shares during the quarter. Northwest Quadrant Wealth Management LLC’s holdings in Markel Group were worth $261,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quilter Plc boosted its holdings in Markel Group by 7.2% during the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after acquiring an additional 2,234 shares during the period. WCM Investment Management LLC bought a new stake in Markel Group during the 4th quarter valued at $252,000. Korea Investment CORP raised its position in Markel Group by 1.9% during the 4th quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider’s stock valued at $14,236,000 after purchasing an additional 155 shares in the last quarter. Hudson Value Partners LLC raised its position in Markel Group by 4.8% during the 4th quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider’s stock valued at $5,764,000 after purchasing an additional 153 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Markel Group by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider’s stock valued at $99,987,000 after purchasing an additional 2,204 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 0.2%

Shares of NYSE MKL opened at $1,914.52 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $24.29 billion, a P/E ratio of 9.62 and a beta of 0.84. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The business has a fifty day moving average price of $1,821.82 and a 200 day moving average price of $1,784.58.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Steven A. Markel sold 88 shares of the company’s 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 completion of the sale, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. This represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold 2,034 shares of company stock worth $3,778,952 in the last three months. 1.66% of the stock is owned by insiders.

About Markel Group

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.