TD Asset Management Inc Sells 7,082 Shares of Markel Group Inc. $MKL

TD Asset Management Inc decreased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 11.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 56,075 shares of the insurance provider’s stock after selling 7,082 shares during the period. TD Asset Management Inc owned approximately 0.44% of Markel Group worth $120,542,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Canerector Inc. raised its stake in Markel Group by 191,036.0% during the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock worth $20,458,463,000 after buying an additional 10,698,016 shares during the period. Norges Bank acquired a new stake in Markel Group during the 4th quarter worth $317,583,000. Select Equity Group L.P. raised its stake in Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after buying an additional 145,146 shares during the period. Davis Selected Advisers raised its stake in Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after buying an additional 41,632 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Markel Group by 3,235.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock worth $54,421,000 after buying an additional 24,557 shares during the period. Institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 76 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the transaction, the director directly owned 645 shares in the company, valued at $1,191,514.95. This represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diane Leopold acquired 100 shares of Markel Group stock in a transaction dated Wednesday, May 6th. The shares were acquired at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the completion of the purchase, the director owned 2,190 shares in the company, valued at approximately $3,925,815.90. The trade was a 4.78% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.08% of the company’s stock.

Markel Group Trading Up 0.3%

Markel Group stock opened at $1,782.60 on Friday. The firm has a 50-day moving average of $1,874.70 and a 200-day moving average of $1,999.03. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $22.30 billion, a price-to-earnings ratio of 12.85 and a beta of 0.67.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing analysts’ consensus estimates of $26.38 by ($45.28). Markel Group had a return on equity of 7.90% and a net margin of 10.85%.The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.66 billion. On average, equities analysts expect that Markel Group Inc. will post 113.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MKL. Weiss Ratings downgraded Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Brean Capital began coverage on Markel Group in a research note on Tuesday, March 24th. They set a “neutral” rating and a $2,100.00 price objective on the stock. Truist Financial dropped their price objective on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average target price of $2,025.00.

Markel Group Company Profile

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.