Machina Capital S.A.S. lessened its stake in Markel Group Inc. (NYSE:MKL – Free Report) by 34.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 485 shares of the insurance provider’s stock after selling 257 shares during the quarter. Machina Capital S.A.S.’s holdings in Markel Group were worth $837,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Markel Group during the third quarter valued at $31,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group during the fourth quarter valued at $37,000. SBI Securities Co. Ltd. purchased a new stake in Markel Group during the fourth quarter valued at $36,000. Larson Financial Group LLC purchased a new stake in Markel Group during the third quarter valued at $36,000. Finally, Global Trust Asset Management LLC purchased a new stake in Markel Group during the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.
Markel Group Trading Down 0.3 %
Shares of MKL opened at $1,895.12 on Friday. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68. The company has a market cap of $24.20 billion, a P/E ratio of 9.52 and a beta of 0.82. 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 company’s fifty day simple moving average is $1,826.91 and its 200-day simple moving average is $1,699.93.
Insider Transactions at Markel Group
In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven A. Markel sold 88 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,034 shares of company stock worth $3,778,952. Insiders own 1.71% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on MKL. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada increased their target price 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. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,685.17.
View Our Latest Research Report on MKL
Markel Group 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.
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