Markel Group Inc. (NYSE:MKL) Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 93.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,822 shares of the insurance provider’s stock after selling 24,962 shares during the quarter. Strs Ohio’s holdings in Markel Group were worth $2,587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MKL. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Markel Group by 150.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock valued at $29,000 after buying an additional 12 shares during the period. Blue Trust Inc. lifted its holdings in shares of Markel Group by 133.3% in the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after buying an additional 12 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Markel Group in the 2nd quarter valued at about $39,000. Achmea Investment Management B.V. acquired a new position in shares of Markel Group in the 1st quarter valued at about $41,000. Finally, RVW Wealth LLC acquired a new position in shares of Markel Group in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,455.25 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a twelve month low of $1,272.43 and a twelve month high of $1,560.00. The business has a 50-day moving average price of $1,483.41 and a 200 day moving average price of $1,444.79. The firm has a market cap of $18.98 billion, a PE ratio of 9.90 and a beta of 0.70.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, topping the consensus estimate of $23.58 by $32.90. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.75 billion. Sell-side analysts predict that Markel Group Inc. will post 80.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Janney Montgomery Scott reissued a “neutral” rating and issued a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $1,475.00 price target on shares of Markel Group in a research note on Friday, February 2nd. Finally, Jefferies Financial Group lowered Markel Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. 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, Markel Group currently has an average rating of “Hold” and an average price target of $1,450.00.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of $1,414.74 per share, for a total transaction of $141,474.00. Following the purchase, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director A. Lynne Puckett purchased 72 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was acquired at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the transaction, the director now directly owns 960 shares of the company’s stock, valued at $1,352,908.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the completion of the transaction, the chief executive officer now directly owns 45,039 shares of the company’s stock, valued at $63,718,474.86. The disclosure for this purchase can be found here. 1.71% of the stock is owned by company insiders.

About Markel Group

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.