Swiss National Bank Lowers Position in Markel Group Inc. (NYSE:MKL)

Swiss National Bank lowered its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,570 shares of the insurance provider's stock after selling 2,020 shares during the period. Swiss National Bank owned 0.28% of Markel Group worth $63,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in Markel Group in the third quarter worth $31,000. FPC Investment Advisory Inc. bought a new stake in Markel Group in the fourth quarter worth $37,000. SBI Securities Co. Ltd. bought a new stake in Markel Group in the fourth quarter worth $36,000. Larson Financial Group LLC bought a new stake in Markel Group in the third quarter worth $36,000. Finally, Global Trust Asset Management LLC bought a new stake in Markel Group in the fourth quarter worth $41,000. Institutional investors own 77.12% of the company's stock.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, with a total value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven A. Markel sold 1,146 shares of the business's stock in a transaction on Monday, February 24th. The shares were 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 of the company's stock, valued at $118,426,699.78. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale 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 currently owned by company insiders.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. 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 shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Finally, TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities 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 target price of $1,702.20.

Markel Group Trading Up 0.4 %

NYSE MKL traded up $7.15 on Wednesday, hitting $1,851.92. 35,749 shares of the stock were exchanged, compared to its average volume of 68,278. 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 stock has a fifty day moving average price of $1,843.78 and a two-hundred day moving average price of $1,713.55. The firm has a market capitalization of $23.65 billion, a P/E ratio of 9.30 and a beta of 0.82. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results 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%. Research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.