Markel Group Inc. (NYSE:MKL) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its position in shares of Markel Group Inc. (NYSE:MKL) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 882 shares of the insurance provider’s stock after buying an additional 47 shares during the period. TD Private Client Wealth LLC’s holdings in Markel Group were worth $1,523,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MKL. Proficio Capital Partners LLC acquired a new position in Markel Group during the fourth quarter worth $169,852,000. Davis Selected Advisers grew its holdings in shares of Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after purchasing an additional 80,922 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Markel Group during the fourth quarter worth about $98,743,000. Boston Partners grew its holdings in shares of Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock worth $486,580,000 after buying an additional 42,178 shares during the last quarter. Finally, Empirical Asset Management LLC acquired a new stake in Markel Group in the fourth quarter valued at about $54,173,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Down 0.8 %

Markel Group stock opened at $1,833.40 on Friday. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The stock has a market capitalization of $23.41 billion, a PE ratio of 9.21 and a beta of 0.82. The firm has a 50 day simple moving average of $1,852.81 and a 200-day simple moving average of $1,718.08. 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 (NYSE:MKL) last released its 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 return on equity of 7.55% and a net margin of 16.34%. As a group, equities research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Activity

In other news, Director Steven A. Markel sold 88 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the transaction, the director now owns 63,436 shares in the company, valued at approximately $117,992,863.08. The trade was a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada boosted 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. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,702.20.

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.