Markel Group Inc. (NYSE:MKL) Shares Sold by Weil Company Inc.

Weil Company Inc. reduced its position in shares of Markel Group Inc. (NYSE:MKL) by 52.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,462 shares of the insurance provider’s stock after selling 1,626 shares during the period. Weil Company Inc.’s holdings in Markel Group were worth $2,524,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Markel Group by 136.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,119 shares of the insurance provider’s stock valued at $3,324,000 after acquiring an additional 1,223 shares during the period. Private Advisor Group LLC grew its position in Markel Group by 39.2% during the 3rd quarter. Private Advisor Group LLC now owns 597 shares of the insurance provider’s stock worth $936,000 after purchasing an additional 168 shares during the last quarter. International Assets Investment Management LLC increased its stake in Markel Group by 156,757.1% in the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after purchasing an additional 10,973 shares during the period. Dakota Wealth Management raised its holdings in shares of Markel Group by 6.8% in the third quarter. Dakota Wealth Management now owns 252 shares of the insurance provider’s stock valued at $395,000 after buying an additional 16 shares during the last quarter. Finally, Forsta AP Fonden boosted its stake in shares of Markel Group by 15.0% during the third quarter. Forsta AP Fonden now owns 1,840 shares of the insurance provider’s stock worth $2,886,000 after buying an additional 240 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Buying and Selling

In other news, Director Steven A. Markel sold 800 shares of Markel Group 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 transaction of $1,485,440.00. Following the completion of the sale, the director now directly owns 64,868 shares in the company, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada increased their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, Markel Group presently has an average rating of “Hold” and an average target price of $1,685.17.

Markel Group Stock Up 2.1 %

MKL opened at $1,888.12 on Wednesday. The business has a 50 day simple moving average of $1,795.94 and a 200-day simple moving average of $1,678.01. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The stock has a market capitalization of $24.28 billion, a P/E ratio of 9.49 and a beta of 0.78. 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 return on equity of 7.55% and a net margin of 16.34%. On average, equities analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.