AGF Management Ltd. Has $2.28 Million Holdings in Markel Group Inc. (NYSE:MKL)

AGF Management Ltd. lessened its position in Markel Group Inc. (NYSE:MKL - Free Report) by 44.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,318 shares of the insurance provider's stock after selling 1,064 shares during the quarter. AGF Management Ltd.'s holdings in Markel Group were worth $2,275,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Saybrook Capital NC acquired a new stake in shares of Markel Group in the fourth quarter valued at about $345,000. Roberts Glore & Co. Inc. IL acquired a new stake in Markel Group in the 4th quarter valued at approximately $204,000. OFI Invest Asset Management bought a new position in Markel Group in the 4th quarter worth approximately $133,000. Amundi lifted its holdings in shares of Markel Group by 36.3% during the fourth quarter. Amundi now owns 18,176 shares of the insurance provider's stock worth $31,040,000 after buying an additional 4,842 shares during the last quarter. Finally, Davis Selected Advisers boosted its position in shares of Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after acquiring an additional 80,922 shares during the period. Institutional investors own 77.12% of the company's stock.

Markel Group Trading Up 0.4 %

Shares of MKL stock traded up $7.15 during trading hours on Wednesday, reaching $1,851.92. The company had a trading volume of 35,747 shares, compared to its average volume of 45,687. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The company has a 50 day moving average of $1,843.78 and a 200 day moving average of $1,713.55. 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 firm has a market cap of $23.65 billion, a price-to-earnings ratio of 9.30 and a beta of 0.82.

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Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. On average, equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 88 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were 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 in the company, valued at $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 is available at this link. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the firm's stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 2,034 shares of company stock worth $3,778,952. Company insiders own 1.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. TD Cowen downgraded shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada lifted their target price on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $1,702.20.

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.