Crestwood Advisors Group LLC Sells 9 Shares of Markel Group Inc. (NYSE:MKL)

Crestwood Advisors Group LLC trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,075 shares of the insurance provider’s stock after selling 9 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Markel Group were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Pavion Blue Capital LLC boosted its holdings in shares of Markel Group by 1.4% during the 4th quarter. Pavion Blue Capital LLC now owns 1,559 shares of the insurance provider’s stock worth $2,691,000 after buying an additional 22 shares in the last quarter. Wealthspire Advisors LLC lifted its position in shares of Markel Group by 64.2% during the 4th quarter. Wealthspire Advisors LLC now owns 266 shares of the insurance provider’s stock valued at $459,000 after acquiring an additional 104 shares during the period. FPC Investment Advisory Inc. bought a new position in Markel Group during the fourth quarter worth $37,000. Concurrent Investment Advisors LLC boosted its stake in Markel Group by 1.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock worth $810,000 after acquiring an additional 7 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in Markel Group by 14.7% in the fourth quarter. Handelsbanken Fonder AB now owns 2,870 shares of the insurance provider’s stock worth $4,954,000 after purchasing an additional 368 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 0.6 %

NYSE:MKL opened at $1,848.75 on Tuesday. 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 Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The company has a market cap of $23.78 billion, a PE ratio of 9.29 and a beta of 0.78. The firm has a 50-day moving average of $1,795.94 and a 200-day moving average of $1,678.01.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. As a group, equities research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MKL has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, Markel Group has an average rating of “Hold” and an average target price of $1,685.17.

Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.71% of the stock is currently owned by corporate insiders.

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.