GAM Holding AG Has $13.23 Million Holdings in Markel Group Inc. (NYSE:MKL)

GAM Holding AG cut its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,665 shares of the insurance provider's stock after selling 384 shares during the period. Markel Group makes up about 1.0% of GAM Holding AG's portfolio, making the stock its 28th biggest holding. GAM Holding AG owned approximately 0.06% of Markel Group worth $13,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of MKL. CWM LLC lifted its holdings in shares of Markel Group by 16.3% during the 3rd quarter. CWM LLC now owns 250 shares of the insurance provider's stock worth $392,000 after acquiring an additional 35 shares during the period. Creative Planning lifted its position in shares of Markel Group by 10.9% during the 3rd quarter. Creative Planning now owns 5,584 shares of the insurance provider's stock worth $8,759,000 after buying an additional 549 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Markel Group by 22.2% in the third quarter. Bleakley Financial Group LLC now owns 231 shares of the insurance provider's stock valued at $362,000 after buying an additional 42 shares in the last quarter. Blue Trust Inc. boosted its stake in Markel Group by 78.9% in the third quarter. Blue Trust Inc. now owns 195 shares of the insurance provider's stock valued at $307,000 after buying an additional 86 shares in the last quarter. Finally, Raymond James & Associates grew its position in Markel Group by 5.9% in the third quarter. Raymond James & Associates now owns 30,015 shares of the insurance provider's stock valued at $47,081,000 after acquiring an additional 1,681 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MKL shares. Royal Bank of Canada increased their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, Markel Group currently has an average rating of "Hold" and a consensus target price of $1,685.17.

Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price 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 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.71% of the stock is owned by insiders.

Markel Group Trading Down 0.9 %

NYSE:MKL traded down $16.16 during trading hours on Friday, hitting $1,837.64. 62,542 shares of the company were exchanged, compared to its average volume of 74,225. The company has a fifty day simple moving average of $1,791.50 and a 200 day simple moving average of $1,670.99. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The stock has a market capitalization of $23.63 billion, a price-to-earnings ratio of 9.23 and a beta of 0.78. 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 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%. Sell-side analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.