Wellington Management Group LLP Trims Position in Markel Group Inc. (NYSE:MKL)

Wellington Management Group LLP cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,904 shares of the insurance provider's stock after selling 52,769 shares during the quarter. Wellington Management Group LLP owned approximately 1.15% of Markel Group worth $253,590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quilter Plc boosted its stake in Markel Group by 7.2% in the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider's stock worth $57,206,000 after purchasing an additional 2,234 shares during the period. Fiduciary Alliance LLC boosted its position in shares of Markel Group by 25.2% during the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider's stock worth $3,247,000 after acquiring an additional 379 shares during the last quarter. WCM Investment Management LLC purchased a new position in Markel Group during the fourth quarter valued at $252,000. Franklin Resources Inc. lifted its stake in Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock worth $8,736,000 after purchasing an additional 527 shares in the last quarter. Finally, Hudson Value Partners LLC lifted its stake in Markel Group by 4.8% in the 4th quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider's stock worth $5,764,000 after purchasing an additional 153 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the company's stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 800 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the transaction, the director now directly owns 64,868 shares in the company, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock worth $3,778,952 over the last three months. 1.71% of the stock is owned by insiders.

Markel Group Trading Down 2.7 %

Shares of NYSE:MKL traded down $50.76 during trading on Thursday, reaching $1,828.18. The company's stock had a trading volume of 48,644 shares, compared to its average volume of 47,459. The stock has a market capitalization of $23.35 billion, a PE ratio of 9.18 and a beta of 0.82. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month 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's 50 day simple moving average is $1,870.34 and its two-hundred day simple moving average is $1,735.98.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data 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 predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MKL shares. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a 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 research note 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. According to MarketBeat.com, Markel Group currently has an average rating of "Hold" and a consensus price target of $1,702.20.

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.