Schroder Investment Management Group lessened its position in Markel Group Inc. (NYSE:MKL - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,040 shares of the insurance provider's stock after selling 176 shares during the quarter. Schroder Investment Management Group's holdings in Markel Group were worth $1,794,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Allstate Corp purchased a new position in shares of Markel Group during the 4th quarter valued at about $739,000. Brown Brothers Harriman & Co. grew its position in Markel Group by 9.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 138 shares of the insurance provider's stock valued at $238,000 after acquiring an additional 12 shares during the last quarter. DnB Asset Management AS raised its stake in shares of Markel Group by 4.9% during the fourth quarter. DnB Asset Management AS now owns 2,609 shares of the insurance provider's stock worth $4,504,000 after acquiring an additional 121 shares in the last quarter. denkapparat Operations GmbH bought a new stake in shares of Markel Group in the 4th quarter worth approximately $404,000. Finally, Norges Bank purchased a new stake in shares of Markel Group in the 4th quarter valued at $254,795,000. Hedge funds and other institutional investors own 77.12% of the company's stock.
Markel Group Trading Up 0.4 %
NYSE:MKL traded up $6.43 during midday trading on Friday, reaching $1,769.56. 70,878 shares of the stock traded hands, compared to its average volume of 48,090. The stock has a market capitalization of $22.49 billion, a P/E ratio of 8.89 and a beta of 0.70. 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 company has a fifty day moving average of $1,855.85 and a 200 day moving average of $1,745.49. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68.
Markel Group (NYSE:MKL - Get Free Report) last released 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 net margin of 16.34% and a return on equity of 7.55%. On average, research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.
Insider Activity at Markel Group
In other news, Director Steven A. Markel sold 88 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 63,436 shares of the company's stock, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 2,034 shares of company stock worth $3,778,952 in the last 90 days. Company insiders own 1.71% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on MKL. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their price objective 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 investment 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, the company presently has a consensus rating of "Hold" and an average target price of $1,702.20.
View Our Latest Research Report on Markel Group
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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