Orion Portfolio Solutions LLC lowered its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 45.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 864 shares of the insurance provider's stock after selling 731 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Markel Group were worth $1,491,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in Markel Group during the 4th quarter worth approximately $36,000. FPC Investment Advisory Inc. bought a new stake in shares of Markel Group during the 4th quarter valued at $37,000. Global Trust Asset Management LLC purchased a new position in shares of Markel Group during the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB bought a new position in Markel Group in the 3rd quarter worth $42,000. Finally, Quarry LP increased its stake in 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 buying an additional 30 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently commented on MKL. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada boosted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a 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 currently has an average rating of "Hold" and an average price target of $1,702.20.
Get Our Latest Research Report on MKL
Insider Activity at Markel Group
In other Markel Group news, Director Steven A. Markel sold 1,146 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the sale, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the company's stock in a transaction dated Friday, February 7th. The stock was 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 position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is owned by corporate insiders.
Markel Group Price Performance
Shares of MKL traded down $6.73 during midday trading on Tuesday, hitting $1,671.77. 51,839 shares of the company traded hands, compared to its average volume of 47,913. 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 50 day moving average of $1,860.13 and a 200-day moving average of $1,740.86. The stock has a market cap of $21.35 billion, a price-to-earnings ratio of 8.40 and a beta of 0.70.
Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.
About Markel Group
(
Free Report)
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.
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