Martingale Asset Management L P Sells 742 Shares of Markel Group Inc. (NYSE:MKL)

Martingale Asset Management L P reduced its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,788 shares of the insurance provider's stock after selling 742 shares during the period. Martingale Asset Management L P owned about 0.12% of Markel Group worth $27,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Markel Group during the fourth quarter worth $36,000. FPC Investment Advisory Inc. bought a new stake in shares of Markel Group in the 4th quarter valued at about $37,000. Global Trust Asset Management LLC acquired a new stake in shares of Markel Group in the fourth quarter valued at about $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Markel Group in the third quarter worth approximately $42,000. Finally, Quarry LP boosted its holdings in Markel Group by 3,000.0% in the third quarter. Quarry LP now owns 31 shares of the insurance provider's stock valued at $49,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Up 0.5 %

Shares of NYSE MKL traded up $8.72 during mid-day trading on Monday, reaching $1,780.14. 11,237 shares of the company's stock traded hands, compared to its average volume of 47,897. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The stock has a market cap of $22.63 billion, a P/E ratio of 8.94 and a beta of 0.70. The business has a 50-day simple moving average of $1,855.85 and a 200 day simple moving average of $1,746.69.

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Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (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, analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada increased their price objective 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. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $1,702.20.

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 800 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the transaction, the director now owns 64,868 shares in the company, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's 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 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 position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 2,034 shares of company stock valued at $3,778,952. Insiders own 1.71% of the company's stock.

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.