JPMorgan Chase & Co. Lowers Stake in Markel Group Inc. (NYSE:MKL)

JPMorgan Chase & Co. trimmed its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 24.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,712 shares of the insurance provider's stock after selling 6,194 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of Markel Group worth $32,301,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MKL. Private Trust Co. NA lifted its position in Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after acquiring an additional 6 shares during the last quarter. Wellington Shields & Co. LLC increased its position in shares of Markel Group by 4.3% during the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock worth $250,000 after purchasing an additional 6 shares in the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of Markel Group by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after purchasing an additional 7 shares during the last quarter. Greenleaf Trust boosted its position in shares of Markel Group by 3.4% in the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock worth $368,000 after purchasing an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Markel Group by 1.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after purchasing an additional 7 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

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Markel Group Stock Performance

Markel Group stock traded up $6.43 during trading hours on Friday, hitting $1,769.56. 70,878 shares of the stock traded hands, compared to its average volume of 48,090. The firm's 50 day moving average price is $1,855.85 and its 200-day moving average price is $1,745.49. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $22.49 billion, a price-to-earnings ratio of 8.89 and a beta of 0.70. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results 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 net margin of 16.34% and a return on equity of 7.55%. As a group, equities analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Activity

In other news, Director Steven A. Markel sold 1,146 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $2,008.01 per share, for a total transaction 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. The trade was a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 2,034 shares of company stock valued at $3,778,952 in the last ninety days. Insiders own 1.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. 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 report on Friday, February 7th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $1,702.20.

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.