Markel Group Inc. (NYSE:MKL) Position Reduced by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,446 shares of the insurance provider's stock after selling 173 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Markel Group were worth $7,675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Markel Group during the third quarter worth $31,000. Toth Financial Advisory Corp boosted its stake in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock worth $35,000 after buying an additional 20 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Markel Group in the 3rd quarter worth about $36,000. Global Trust Asset Management LLC purchased a new stake in Markel Group in the 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Markel Group during the 3rd quarter valued at about $42,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.71% of the company's stock.

Markel Group Trading Down 0.9 %

MKL traded down $16.16 during trading on Friday, hitting $1,837.64. 62,542 shares of the company's stock were exchanged, compared to its average volume of 74,225. The stock has a 50 day moving average price of $1,791.50 and a 200 day moving average price of $1,670.99. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. 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 firm has a market cap of $23.63 billion, a P/E ratio of 9.23 and a beta of 0.78.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly 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 net margin of 16.34% and a return on equity of 7.55%. As a group, analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MKL shares. Royal Bank of Canada raised their target price 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. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com lowered 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 six have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $1,685.17.

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.