US Bancorp DE Lowers Position in Markel Group Inc. (NYSE:MKL)

US Bancorp DE decreased its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,232 shares of the insurance provider's stock after selling 171 shares during the period. US Bancorp DE's holdings in Markel Group were worth $3,853,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MKL. Stephens Inc. AR boosted its position in shares of Markel Group by 7.5% during the third quarter. Stephens Inc. AR now owns 600 shares of the insurance provider's stock valued at $941,000 after buying an additional 42 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Markel Group by 1.5% during the third quarter. New York State Common Retirement Fund now owns 9,641 shares of the insurance provider's stock valued at $15,123,000 after buying an additional 147 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Markel Group by 134.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,192 shares of the insurance provider's stock worth $1,870,000 after purchasing an additional 683 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Markel Group by 8.6% in the third quarter. Asset Management One Co. Ltd. now owns 5,084 shares of the insurance provider's stock worth $7,975,000 after purchasing an additional 404 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in Markel Group by 5.9% in the third quarter. QRG Capital Management Inc. now owns 269 shares of the insurance provider's stock worth $422,000 after purchasing an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

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Analyst Upgrades and Downgrades

MKL has been the topic of several research analyst reports. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada boosted their price objective on 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. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Markel Group has a consensus rating of "Hold" and a consensus target price of $1,685.17.

Markel Group Stock Performance

Shares of MKL traded down $5.83 during mid-day trading on Friday, hitting $1,895.12. The stock had a trading volume of 52,041 shares, compared to its average volume of 71,726. The firm has a market cap of $24.20 billion, a P/E ratio of 9.52 and a beta of 0.82. The business has a fifty day moving average price of $1,826.91 and a 200-day moving average price of $1,699.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. 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 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, equities research analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Activity at Markel Group

In related news, Director Steven A. Markel sold 1,146 shares of the stock in a transaction dated 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 owns 63,722 shares of the company's stock, valued at approximately $118,426,699.78. This represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares in the company, 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 three months, insiders have sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by company insiders.

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.