Envestnet Portfolio Solutions Inc. Lowers Position in Markel Group Inc. (NYSE:MKL)

Envestnet Portfolio Solutions Inc. reduced its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 45.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 472 shares of the insurance provider's stock after selling 399 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Markel Group were worth $815,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MKL. Brooklyn Investment Group purchased a new stake in shares of Markel Group in the third quarter worth approximately $31,000. Larson Financial Group LLC bought a new position in Markel Group during the 3rd quarter valued at $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Markel Group in the 4th quarter worth $36,000. FPC Investment Advisory Inc. bought a new position in shares of Markel Group during the fourth quarter valued at about $37,000. Finally, Global Trust Asset Management LLC purchased a new position in Markel Group during the fourth quarter worth about $41,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

NYSE MKL traded up $3.15 on Wednesday, hitting $1,867.69. 35,807 shares of the stock traded hands, compared to its average volume of 45,834. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The business's fifty day moving average is $1,862.13 and its two-hundred day moving average is $1,724.68. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The firm has a market capitalization of $23.85 billion, a price-to-earnings ratio of 9.38 and a beta of 0.82.

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Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. As a group, equities analysts anticipate 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 recent analyst reports. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada boosted 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 report on Friday, February 7th. Finally, TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $1,702.20.

Insider Activity

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction dated 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 transaction, the director now owns 63,722 shares of the company's stock, valued at $118,426,699.78. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction dated Friday, February 7th. The stock was purchased 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 of the company's stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 over the last quarter. Company 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.