Markel Group Inc. (NYSE:MKL) Position Lessened by Invesco Ltd.

Invesco Ltd. lowered its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,903 shares of the insurance provider's stock after selling 852 shares during the quarter. Invesco Ltd. owned about 0.13% of Markel Group worth $29,178,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MKL. Quilter Plc lifted its stake in shares of Markel Group by 7.2% in the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider's stock worth $57,206,000 after acquiring an additional 2,234 shares during the period. Fiduciary Alliance LLC lifted its position in Markel Group by 25.2% in the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider's stock worth $3,247,000 after purchasing an additional 379 shares during the period. WCM Investment Management LLC bought a new position in Markel Group during the 4th quarter valued at $252,000. Franklin Resources Inc. increased its position in shares of Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock valued at $8,736,000 after purchasing an additional 527 shares during the period. Finally, Hudson Value Partners LLC raised its stake in shares of Markel Group by 4.8% in the 4th quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider's stock worth $5,764,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. 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 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 research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $1,702.20.

Markel Group Trading Up 1.7 %

Shares of NYSE MKL traded up $29.83 during mid-day trading on Wednesday, hitting $1,815.03. 11,762 shares of the company traded hands, compared to its average volume of 65,313. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 1 year low of $1,433.06 and a 1 year high of $2,063.68. The stock has a market capitalization of $23.07 billion, a price-to-earnings ratio of 9.12 and a beta of 0.70. The business has a 50 day moving average of $1,829.95 and a two-hundred day moving average of $1,754.99.

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 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 anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Activity at Markel Group

In related news, Director Steven A. Markel sold 800 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the transaction, the director now directly owns 64,868 shares of the company's stock, valued at approximately $120,446,902.40. The trade was a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction on Friday, February 7th. The shares were acquired 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 approximately $98,282,049.45. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 2,034 shares of company stock worth $3,778,952. 1.66% of the stock is owned by corporate insiders.

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.