GAM Holding AG Lowers Holdings in Markel Group Inc. (NYSE:MKL)

GAM Holding AG lowered its holdings in Markel Group Inc. (NYSE:MKL) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,665 shares of the insurance provider’s stock after selling 384 shares during the quarter. Markel Group accounts for 1.0% of GAM Holding AG’s holdings, making the stock its 28th largest holding. GAM Holding AG owned 0.06% of Markel Group worth $13,232,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MKL. CWM LLC boosted its position in shares of Markel Group by 16.3% during the 3rd quarter. CWM LLC now owns 250 shares of the insurance provider’s stock worth $392,000 after purchasing an additional 35 shares during the period. Creative Planning grew its holdings in Markel Group by 10.9% during the 3rd quarter. Creative Planning now owns 5,584 shares of the insurance provider’s stock worth $8,759,000 after acquiring an additional 549 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of Markel Group by 22.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 231 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 42 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Markel Group by 78.9% in the 3rd quarter. Blue Trust Inc. now owns 195 shares of the insurance provider’s stock valued at $307,000 after purchasing an additional 86 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of Markel Group by 5.9% during the third quarter. Raymond James & Associates now owns 30,015 shares of the insurance provider’s stock worth $47,081,000 after purchasing an additional 1,681 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction on Friday, February 7th. The shares were bought at an average cost 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 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 SEC, which is available at the SEC website. Insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

MKL has been the topic of several research analyst reports. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada boosted 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 report on Friday, February 7th. Finally, TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,685.17.

Markel Group Stock Performance

Shares of MKL stock opened at $1,869.04 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 stock has a 50 day simple moving average of $1,784.88 and a 200-day simple moving average of $1,666.20. The company has a market cap of $24.04 billion, a price-to-earnings ratio of 9.39 and a beta of 0.78. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts forecast that Markel Group Inc. will post 97.92 EPS for the current year.

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.