Horizon Kinetics Asset Management LLC Sells 9 Shares of Markel Group Inc. (NYSE:MKL)

Horizon Kinetics Asset Management LLC reduced its holdings in Markel Group Inc. (NYSE:MKL) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,505 shares of the insurance provider’s stock after selling 9 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Markel Group were worth $4,324,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Davis Selected Advisers increased its position in Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after buying an additional 80,922 shares during the period. State Street Corp increased its position in Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after buying an additional 13,372 shares during the period. Geode Capital Management LLC increased its position in Markel Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after buying an additional 10,254 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Markel Group during the fourth quarter valued at approximately $169,852,000. Finally, Jennison Associates LLC increased its position in shares of Markel Group by 9.9% during the fourth quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock valued at $135,915,000 after purchasing an additional 7,102 shares during the period. 77.12% of the stock is owned by institutional investors.

Markel Group Price Performance

Shares of MKL stock opened at $1,850.33 on Monday. The stock’s fifty day simple moving average is $1,837.87 and its 200 day simple moving average is $1,709.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $23.63 billion, a price-to-earnings ratio of 9.30 and a beta of 0.81. Markel Group Inc. has a one year low of $1,417.65 and a one year 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 EPS for the quarter, missing the consensus estimate 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, analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada boosted their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,702.20.

Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction on Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven A. Markel sold 800 shares of the business’s stock in a transaction on 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 transaction, the director now directly owns 64,868 shares in the company, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 in the last 90 days. 1.71% of the stock is owned by corporate insiders.

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.