Cibc World Markets Corp Has $1.01 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

Cibc World Markets Corp reduced its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 586 shares of the insurance provider's stock after selling 172 shares during the period. Cibc World Markets Corp's holdings in Markel Group were worth $1,012,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in Markel Group during the 3rd quarter valued at approximately $31,000. FPC Investment Advisory Inc. acquired a new position in shares of Markel Group during the fourth quarter valued at $37,000. SBI Securities Co. Ltd. acquired a new position in shares of Markel Group during the fourth quarter valued at $36,000. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the 3rd quarter worth about $36,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Markel Group in the 4th quarter worth about $41,000. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

Shares of MKL stock traded down $6.16 during midday trading on Tuesday, reaching $1,863.65. 54,380 shares of the company were exchanged, compared to its average volume of 45,840. The company's 50 day moving average price is $1,859.72 and its two-hundred day moving average price is $1,723.67. The company has a market cap of $23.80 billion, a P/E ratio of 9.36 and a beta of 0.82. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

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Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate 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, sell-side analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MKL shares. TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada raised 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 report on Friday, February 7th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $1,702.20.

Insider Transactions at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the 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 purchase, the chief executive officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven A. Markel sold 1,146 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 63,722 shares in the company, valued at $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,034 shares of company stock valued at $3,778,952. Corporate insiders own 1.71% of the company's stock.

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.