APG Asset Management N.V. Sells 18,709 Shares of Markel Group Inc. (NYSE:MKL)

APG Asset Management N.V. cut its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 58.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,448 shares of the insurance provider's stock after selling 18,709 shares during the quarter. APG Asset Management N.V. owned 0.10% of Markel Group worth $22,418,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MKL. Davis Selected Advisers lifted its position in shares of Markel Group by 27.9% in the 4th 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 in the last quarter. Boston Partners lifted its holdings in shares of Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after purchasing an additional 42,178 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock worth $327,131,000 after buying an additional 10,254 shares during the period. Norges Bank acquired a new stake in shares of Markel Group in the fourth quarter worth $254,795,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Markel Group during the fourth quarter valued at $169,852,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Down 0.1 %

NYSE MKL traded down $1.93 during trading on Tuesday, reaching $1,786.32. The company's stock had a trading volume of 14,812 shares, compared to its average volume of 47,886. 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 market capitalization of $22.71 billion, a PE ratio of 8.97 and a beta of 0.70. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The business has a 50-day moving average price of $1,854.48 and a 200-day moving average price of $1,748.25.

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Markel Group (NYSE:MKL - Get Free Report) last released 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, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MKL has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Markel Group presently has an average rating of "Hold" and an average price target of $1,702.20.

Insider Buying and Selling at Markel Group

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company's stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the sale, the director now directly owns 63,722 shares of the company's stock, valued at approximately $118,426,699.78. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock worth $3,778,952 over the last three months. Corporate insiders own 1.71% 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.