Markel Group Inc. (NYSE:MKL) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC trimmed its stake in Markel Group Inc. (NYSE:MKL) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 45,507 shares of the insurance provider’s stock after selling 707 shares during the period. Markel Group makes up approximately 1.2% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 17th biggest position. Thompson Siegel & Walmsley LLC’s holdings in Markel Group were worth $78,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Avantax Advisory Services Inc. grew its holdings in shares of Markel Group by 12.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 299 shares of the insurance provider’s stock worth $516,000 after acquiring an additional 32 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Markel Group by 45.7% in the 4th quarter. Farther Finance Advisors LLC now owns 134 shares of the insurance provider’s stock worth $231,000 after acquiring an additional 42 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Markel Group by 3.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,617 shares of the insurance provider’s stock worth $2,791,000 after acquiring an additional 50 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Markel Group by 2.3% in the 4th quarter. HighTower Advisors LLC now owns 72,005 shares of the insurance provider’s stock worth $124,297,000 after acquiring an additional 1,648 shares during the last quarter. Finally, Saybrook Capital NC acquired a new position in shares of Markel Group in the 4th quarter worth $345,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction on Friday, February 7th. The stock was bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Markel sold 800 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the sale, the director now directly owns 64,868 shares of the company’s stock, valued at $120,446,902.40. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,034 shares of company stock valued at $3,778,952 over the last quarter. Insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,816.88 on Thursday. The business’s 50-day moving average price is $1,833.08 and its two-hundred day moving average price is $1,705.36. 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 one year low of $1,417.65 and a one year high of $2,063.68. The company has a market capitalization of $23.20 billion, a P/E ratio of 9.13 and a beta of 0.81.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MKL. Royal Bank of Canada lifted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,685.17.

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.