Markel Group Inc. (NYSE:MKL) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,372 shares of the insurance provider's stock after selling 243 shares during the quarter. Pictet Asset Management Holding SA's holdings in Markel Group were worth $9,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. FPC Investment Advisory Inc. purchased a new position in shares of Markel Group in the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. purchased a new position in Markel Group in the fourth quarter worth $36,000. Global Trust Asset Management LLC acquired a new position in shares of Markel Group during the fourth quarter worth $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Markel Group during the 3rd quarter valued at $42,000. Finally, Quarry LP boosted its position in shares of Markel Group by 3,000.0% in the 3rd quarter. Quarry LP now owns 31 shares of the insurance provider's stock worth $49,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Insider Activity at Markel Group

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Steven A. Markel sold 88 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the transaction, 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 worth $3,778,952 over the last three months. Company insiders own 1.71% of the company's stock.

Markel Group Stock Performance

Shares of MKL stock traded down $44.61 during mid-day trading on Monday, reaching $1,678.42. The stock had a trading volume of 80,967 shares, compared to its average volume of 47,839. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 8.43 and a beta of 0.70. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The business's fifty day moving average is $1,865.93 and its 200-day moving average is $1,740.63.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly 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%. On average, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MKL. Royal Bank of Canada increased their price target 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 equities 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.com, Markel Group currently has a consensus rating of "Hold" and a consensus price target of $1,702.20.

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.