CIBC Private Wealth Group LLC Decreases Stock Holdings in Markel Group Inc. (NYSE:MKL)

CIBC Private Wealth Group LLC cut its holdings in Markel Group Inc. (NYSE:MKL) by 95.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 114 shares of the insurance provider’s stock after selling 2,365 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Markel Group were worth $195,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in Markel Group during the fourth quarter valued at $36,000. FPC Investment Advisory Inc. purchased a new position in shares of Markel Group in the 4th quarter worth approximately $37,000. Global Trust Asset Management LLC bought a new position in shares of Markel Group during the 4th quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB purchased a new stake in Markel Group during the 3rd quarter valued at $42,000. Finally, Quarry LP raised its holdings in Markel Group by 3,000.0% during the 3rd quarter. Quarry LP now owns 31 shares of the insurance provider’s stock valued at $49,000 after buying an additional 30 shares during the period. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on MKL shares. Royal Bank of Canada lifted their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock 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 report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $1,702.20.

Markel Group Trading Down 5.8 %

Shares of MKL opened at $1,721.17 on Monday. The firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 8.65 and a beta of 0.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The company has a 50-day moving average of $1,868.94 and a 200 day moving average of $1,739.97.

Markel Group (NYSE:MKL) last posted its quarterly 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 net margin of 16.34% and a return on equity of 7.55%. On average, research analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the transaction, the director now owns 63,722 shares in the company, valued at approximately $118,426,699.78. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 in the last ninety days. Corporate insiders own 1.71% of the company’s stock.

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.