Capco Asset Management LLC Cuts Stake in Markel Group Inc. (NYSE:MKL)

Capco Asset Management LLC lessened its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,006 shares of the insurance provider's stock after selling 502 shares during the period. Markel Group accounts for 10.9% of Capco Asset Management LLC's investment portfolio, making the stock its 3rd largest position. Capco Asset Management LLC owned about 0.22% of Markel Group worth $48,344,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quilter Plc lifted its position in shares of Markel Group by 7.2% during the fourth 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 in the last quarter. Fiduciary Alliance LLC raised its stake in shares of Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider's stock valued at $3,247,000 after purchasing an additional 379 shares during the period. WCM Investment Management LLC purchased a new stake in Markel Group during the 4th quarter worth about $252,000. Franklin Resources Inc. boosted its stake in Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock worth $8,736,000 after purchasing an additional 527 shares during the period. Finally, Hudson Value Partners LLC grew its holdings in Markel Group by 4.8% during the 4th quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider's stock valued at $5,764,000 after buying an additional 153 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

MKL has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada boosted their price target 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 research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $1,702.20.

Insider Transactions at Markel Group

In other Markel Group news, Director Steven A. Markel sold 800 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the sale, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction on Friday, February 7th. The stock was acquired at an average cost 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 $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. In the last three months, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Price Performance

Markel Group stock traded down $12.30 during mid-day trading on Tuesday, hitting $1,857.51. 16,093 shares of the company traded hands, compared to its average volume of 66,170. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. 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 cap of $23.72 billion, a price-to-earnings ratio of 9.34 and a beta of 0.82. The stock has a fifty day moving average price of $1,856.87 and a 200-day moving average price of $1,721.35.

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 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%. On average, equities analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.