Glenview Trust co Sells 60 Shares of Markel Group Inc. (NYSE:MKL)

Glenview Trust co lessened its holdings in shares of Markel Group Inc. (NYSE:MKL) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,710 shares of the insurance provider’s stock after selling 60 shares during the quarter. Glenview Trust co’s holdings in Markel Group were worth $2,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. Aptus Capital Advisors LLC lifted its position in shares of Markel Group by 8.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 216 shares of the insurance provider’s stock worth $339,000 after purchasing an additional 16 shares during the period. Victory Capital Management Inc. lifted its holdings in Markel Group by 5.4% in the third quarter. Victory Capital Management Inc. now owns 5,845 shares of the insurance provider’s stock worth $9,168,000 after buying an additional 300 shares during the period. Oppenheimer & Co. Inc. boosted its position in Markel Group by 15.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 890 shares of the insurance provider’s stock valued at $1,396,000 after acquiring an additional 120 shares in the last quarter. KBC Group NV grew its holdings in shares of Markel Group by 47.3% during the 3rd quarter. KBC Group NV now owns 1,966 shares of the insurance provider’s stock worth $3,084,000 after acquiring an additional 631 shares during the period. Finally, Huntington National Bank raised its position in shares of Markel Group by 8.6% in the 3rd quarter. Huntington National Bank now owns 151 shares of the insurance provider’s stock worth $237,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

MKL opened at $1,850.33 on Monday. The firm has a market cap of $23.63 billion, a PE ratio of 9.30 and a beta of 0.81. The stock has a 50-day moving average price of $1,837.87 and a 200-day moving average price of $1,709.92. 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.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 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%. Sell-side analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Activity

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

Analysts Set New Price Targets

MKL has been the topic of several recent research reports. Royal Bank of Canada upped their price target 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. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,702.20.

Markel Group Company 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.