Amalgamated Bank Cuts Stock Holdings in Markel Group Inc. (NYSE:MKL)

Amalgamated Bank lowered its position in Markel Group Inc. (NYSE:MKL) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 699 shares of the insurance provider’s stock after selling 87 shares during the period. Amalgamated Bank’s holdings in Markel Group were worth $1,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MKL. Strategent Financial LLC acquired a new stake in shares of Markel Group in the 4th quarter valued at approximately $1,272,000. Pavion Blue Capital LLC raised its position in Markel Group by 1.4% in the fourth quarter. Pavion Blue Capital LLC now owns 1,559 shares of the insurance provider’s stock worth $2,691,000 after acquiring an additional 22 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in Markel Group by 64.2% in the fourth quarter. Wealthspire Advisors LLC now owns 266 shares of the insurance provider’s stock valued at $459,000 after acquiring an additional 104 shares during the period. FPC Investment Advisory Inc. purchased a new stake in shares of Markel Group during the 4th quarter worth $37,000. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Markel Group by 1.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock worth $810,000 after purchasing an additional 7 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $2,008.01 per share, with a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction dated 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 sale, the director now owns 63,436 shares of the company’s stock, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,034 shares of company stock valued at $3,778,952. Corporate insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

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

Markel Group Stock Performance

NYSE:MKL opened at $1,919.34 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $24.51 billion, a P/E ratio of 9.64 and a beta of 0.78. The firm has a 50-day moving average price of $1,815.49 and a two-hundred day moving average price of $1,691.36. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68.

Markel Group (NYSE:MKL) last issued its quarterly earnings data 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 return on equity of 7.55% and a net margin of 16.34%. As a group, research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.