Snowden Capital Advisors LLC Sells 18 Shares of Markel Group Inc. (NYSE:MKL)

Snowden Capital Advisors LLC lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 10.2% in the 4th quarter, HoldingsChannel reports. The firm owned 158 shares of the insurance provider’s stock after selling 18 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Markel Group were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Markel Group by 14.5% during the fourth quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider’s stock worth $84,833,000 after purchasing an additional 6,241 shares during the last quarter. Rockbridge Capital Management LLC bought a new stake in Markel Group during the fourth quarter worth about $24,834,000. Quantinno Capital Management LP lifted its stake in Markel Group by 43.8% during the fourth quarter. Quantinno Capital Management LP now owns 906 shares of the insurance provider’s stock worth $1,564,000 after purchasing an additional 276 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its stake in Markel Group by 19.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 548 shares of the insurance provider’s stock worth $946,000 after purchasing an additional 91 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Markel Group by 15.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96 shares of the insurance provider’s stock worth $166,000 after purchasing an additional 13 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MKL. Wall Street Zen lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada boosted 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 note on Friday, February 7th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $1,727.75.

Markel Group Trading Down 0.3%

NYSE MKL opened at $1,859.10 on Friday. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $1,828.19 and a 200-day moving average of $1,799.18. The firm has a market cap of $23.58 billion, a PE ratio of 9.34 and a beta of 0.84.

Insider Activity

In other news, Director Steven A. Markel sold 88 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the sale, the director now owns 63,436 shares of the company’s stock, valued at approximately $117,992,863.08. The trade was a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.66% of the stock is currently owned by corporate 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.