Nomura Asset Management Co. Ltd. Has $6.59 Million Position in Markel Group Inc. (NYSE:MKL)

Nomura Asset Management Co. Ltd. lessened its holdings in Markel Group Inc. (NYSE:MKL) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,818 shares of the insurance provider’s stock after selling 6 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Markel Group were worth $6,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in Markel Group in the 4th quarter valued at $254,795,000. Blair William & Co. IL grew its holdings in shares of Markel Group by 10.7% in the 4th quarter. Blair William & Co. IL now owns 10,294 shares of the insurance provider’s stock worth $17,770,000 after purchasing an additional 999 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Markel Group by 8.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 9,332 shares of the insurance provider’s stock worth $15,986,000 after purchasing an additional 727 shares in the last quarter. Korea Investment CORP lifted its holdings in Markel Group by 1.9% during the 4th quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider’s stock valued at $14,236,000 after purchasing an additional 155 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in Markel Group in the fourth quarter valued at about $226,000. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Performance

MKL stock opened at $1,867.00 on Tuesday. The stock has a market capitalization of $23.84 billion, a PE ratio of 9.38 and a beta of 0.82. 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 company has a 50 day moving average price of $1,867.54 and a 200 day moving average price of $1,732.85. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68.

Markel Group (NYSE:MKL) last issued its quarterly 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%. Analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MKL. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada raised their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus price target of $1,702.20.

Insider Buying and Selling at Markel Group

In related news, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the sale, the director now directly owns 63,436 shares of the company’s stock, valued at $117,992,863.08. The trade was a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the business’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This trade 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. Company insiders own 1.71% of the company’s stock.

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.