CIBC Private Wealth Group LLC Sells 2,365 Shares of Markel Group Inc. (NYSE:MKL)

CIBC Private Wealth Group LLC lowered its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 95.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114 shares of the insurance provider's stock after selling 2,365 shares during the period. CIBC Private Wealth Group LLC's holdings in Markel Group were worth $195,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Markel Group during the 4th quarter worth about $254,795,000. Proficio Capital Partners LLC acquired a new position in Markel Group during the 4th quarter worth approximately $169,852,000. Davis Selected Advisers raised its stake in Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after buying an additional 80,922 shares during the period. Raymond James Financial Inc. bought a new position in Markel Group in the fourth quarter worth approximately $98,743,000. Finally, Boston Partners grew its stake in 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 acquiring an additional 42,178 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost 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 owns 48,945 shares of the company's stock, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction on 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 sale, the director now owns 63,436 shares in the company, valued at $117,992,863.08. This trade represents a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

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

Markel Group Stock Up 0.4 %

Shares of NYSE:MKL traded up $6.43 during mid-day trading on Friday, hitting $1,769.56. 70,878 shares of the company traded hands, compared to its average volume of 48,090. The stock has a 50-day moving average price of $1,855.85 and a two-hundred day moving average price of $1,745.49. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The stock has a market cap of $22.49 billion, a P/E ratio of 8.89 and a beta of 0.70. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

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

Markel Group 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.