CANADA LIFE ASSURANCE Co Has $18.20 Million Holdings in Markel Group Inc. (NYSE:MKL)

CANADA LIFE ASSURANCE Co trimmed its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 68.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,530 shares of the insurance provider's stock after selling 23,371 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.08% of Markel Group worth $18,198,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in shares of Markel Group by 26.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 11,110 shares of the insurance provider's stock worth $19,178,000 after purchasing an additional 2,321 shares during the last quarter. Resurgent Financial Advisors LLC boosted its holdings in shares of Markel Group by 33.0% in the 4th quarter. Resurgent Financial Advisors LLC now owns 371 shares of the insurance provider's stock valued at $640,000 after purchasing an additional 92 shares during the last quarter. Gabelli Funds LLC acquired a new stake in shares of Markel Group during the 4th quarter worth $1,319,000. Anchor Investment Management LLC boosted its holdings in Markel Group by 132.8% in the fourth quarter. Anchor Investment Management LLC now owns 142 shares of the insurance provider's stock valued at $245,000 after acquiring an additional 81 shares during the last quarter. Finally, Mariner LLC grew its holdings in shares of Markel Group by 38.7% during the 4th quarter. Mariner LLC now owns 3,962 shares of the insurance provider's stock worth $6,839,000 after purchasing an additional 1,106 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on MKL. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada raised their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $1,702.20.

Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven A. Markel sold 88 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the sale, the director now directly owns 63,436 shares of the company's stock, valued at $117,992,863.08. The trade was a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,034 shares of company stock valued at $3,778,952 in the last three months. 1.66% of the stock is currently owned by corporate insiders.

Markel Group Stock Performance

Markel Group stock traded down $3.91 during mid-day trading on Friday, reaching $1,804.50. The company's stock had a trading volume of 73,541 shares, compared to its average volume of 49,226. 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 Inc. has a twelve month low of $1,433.06 and a twelve month high of $2,063.68. The business has a 50 day moving average price of $1,827.36 and a 200-day moving average price of $1,757.08. The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 9.07 and a beta of 0.70.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. Sell-side analysts predict that Markel Group Inc. will post 96.25 EPS 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.