TD Asset Management Inc. Raises Stock Holdings in Markel Group Inc. (NYSE:MKL)

TD Asset Management Inc. grew its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,223 shares of the insurance provider's stock after buying an additional 4,429 shares during the quarter. TD Asset Management Inc. owned approximately 0.40% of Markel Group worth $88,423,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Davis Selected Advisers raised its holdings in Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after buying an additional 80,922 shares during the last quarter. State Street Corp increased its position in Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock valued at $516,391,000 after purchasing an additional 13,372 shares during the period. Boston Partners raised its holdings in Markel Group by 17.6% during the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock worth $486,580,000 after purchasing an additional 42,178 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Markel Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock worth $327,131,000 after purchasing an additional 10,254 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in shares of Markel Group in the 4th quarter valued at $169,852,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 88 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the transaction, the director now owns 63,436 shares in the company, valued at $117,992,863.08. This trade represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 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. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 2,034 shares of company stock worth $3,778,952. Insiders own 1.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada raised their target price on 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. 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 a consensus rating of "Hold" and an average target price of $1,702.20.

Markel Group Stock Up 0.6 %

MKL traded up $11.56 during midday trading on Monday, hitting $1,867.00. The company had a trading volume of 48,313 shares, compared to its average volume of 47,249. The stock's 50 day moving average price is $1,867.54 and its 200 day moving average price is $1,732.85. 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 market capitalization of $23.84 billion, a price-to-earnings ratio of 9.38 and a beta of 0.82. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last posted 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%. On average, research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

About Markel Group

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.