Machina Capital S.A.S. Sells 257 Shares of Markel Group Inc. (NYSE:MKL)

Machina Capital S.A.S. lowered its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 34.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 485 shares of the insurance provider's stock after selling 257 shares during the quarter. Machina Capital S.A.S.'s holdings in Markel Group were worth $837,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MKL. Robeco Institutional Asset Management B.V. grew its position in shares of Markel Group by 134.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,192 shares of the insurance provider's stock valued at $1,870,000 after acquiring an additional 683 shares during the period. QRG Capital Management Inc. lifted its stake in Markel Group by 5.9% in the third quarter. QRG Capital Management Inc. now owns 269 shares of the insurance provider's stock valued at $422,000 after purchasing an additional 15 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Markel Group by 3.8% during the third quarter. Concurrent Investment Advisors LLC now owns 462 shares of the insurance provider's stock valued at $725,000 after purchasing an additional 17 shares during the period. Summit Global Investments purchased a new stake in Markel Group in the third quarter worth $726,000. Finally, SpiderRock Advisors LLC raised its stake in shares of Markel Group by 199.4% in the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider's stock valued at $742,000 after buying an additional 315 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

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Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 800 shares of the business'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 completion of the sale, the director now directly owns 64,868 shares of the company's stock, valued at $120,446,902.40. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,034 shares of company stock worth $3,778,952. Corporate insiders own 1.71% of the company's stock.

Markel Group Price Performance

Markel Group stock traded down $10.23 during midday trading on Wednesday, reaching $1,816.88. 47,664 shares of the stock were exchanged, compared to its average volume of 71,597. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week 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. The firm has a market cap of $23.20 billion, a PE ratio of 9.13 and a beta of 0.81. The company's fifty day moving average is $1,831.27 and its 200-day moving average is $1,704.57.

Markel Group (NYSE:MKL - Get Free Report) last posted 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 forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MKL shares. Royal Bank of Canada increased their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock 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. Finally, TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $1,685.17.

Markel Group 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.