Markel Group Inc. (NYSE:MKL) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,227 shares of the insurance provider’s stock after selling 233 shares during the quarter. Rhumbline Advisers owned 0.13% of Markel Group worth $29,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MKL. Brooklyn Investment Group purchased a new position in Markel Group in the 3rd quarter valued at approximately $31,000. Toth Financial Advisory Corp increased its position in shares of Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after buying an additional 20 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Markel Group during the 3rd quarter worth $36,000. Global Trust Asset Management LLC purchased a new stake in shares of Markel Group in the 4th quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Markel Group in the 3rd quarter valued at about $42,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MKL. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada boosted 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 equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1,685.17.

Markel Group Trading Up 0.2 %

Shares of MKL opened at $1,872.34 on Wednesday. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The company has a market capitalization of $24.08 billion, a PE ratio of 9.41 and a beta of 0.78. The stock has a fifty day moving average of $1,784.88 and a two-hundred day moving average of $1,666.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. As a group, analysts forecast that Markel Group Inc. will post 97.92 EPS for the current year.

Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost 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. This represents a 0.20 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate 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.