Markel Group Inc. (NYSE:MKL) Shares Sold by National Pension Service

National Pension Service reduced its stake in Markel Group Inc. (NYSE:MKL) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,432 shares of the insurance provider’s stock after selling 565 shares during the period. National Pension Service owned 0.15% of Markel Group worth $33,544,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in MKL. Brooklyn Investment Group purchased a new position in Markel Group in the third quarter valued at approximately $31,000. Larson Financial Group LLC purchased a new position in Markel Group in the third quarter valued at approximately $36,000. FPC Investment Advisory Inc. purchased a new position in Markel Group in the fourth quarter valued at approximately $37,000. Global Trust Asset Management LLC purchased a new position in Markel Group in the fourth quarter valued at approximately $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Markel Group in the third quarter valued at approximately $42,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction on Friday, February 7th. The stock was bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven A. Markel sold 800 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 64,868 shares of the company’s stock, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock worth $3,778,952 in the last three months. Insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

NYSE:MKL opened at $1,934.54 on Friday. The firm’s fifty day moving average price is $1,811.85 and its 200 day moving average price is $1,686.50. 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 debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 9.72 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. On average, sell-side analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MKL shares. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. 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. Finally, TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently 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.