Sumitomo Mitsui Trust Group Inc. Reduces Stock Position in Markel Group Inc. (NYSE:MKL)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Markel Group Inc. (NYSE:MKL) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,805 shares of the insurance provider’s stock after selling 2,398 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.22% of Markel Group worth $49,724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brooklyn Investment Group purchased a new position in Markel Group in the 3rd quarter worth about $31,000. Toth Financial Advisory Corp grew its stake in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 20 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Markel Group during the third quarter worth approximately $36,000. Global Trust Asset Management LLC purchased a new position in shares of Markel Group during the fourth quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Markel Group during the third quarter valued at approximately $42,000. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective 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. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1,685.17.

Insider Transactions at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.71% of the company’s stock.

Markel Group Stock Down 1.8 %

Shares of NYSE MKL opened at $1,989.69 on Tuesday. The stock has a market capitalization of $25.59 billion, a PE ratio of 10.00 and a beta of 0.78. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The stock’s fifty day simple moving average is $1,766.15 and its two-hundred day simple moving average is $1,653.46.

Markel Group (NYSE:MKL) last posted its 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%. As a group, analysts expect that Markel Group Inc. will post 97.92 EPS 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.