Coldstream Capital Management Inc. Sells 115 Shares of Markel Group Inc. (NYSE:MKL)

Coldstream Capital Management Inc. decreased its holdings in Markel Group Inc. (NYSE:MKL) by 42.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 158 shares of the insurance provider’s stock after selling 115 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Markel Group were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MKL. Anchor Investment Management LLC raised its position in shares of Markel Group by 6,000.0% during the third quarter. Anchor Investment Management LLC now owns 61 shares of the insurance provider’s stock worth $96,000 after acquiring an additional 60 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Markel Group during the 3rd quarter worth approximately $42,000. Synovus Financial Corp lifted its position in shares of Markel Group by 20.7% in the 3rd quarter. Synovus Financial Corp now owns 432 shares of the insurance provider’s stock worth $678,000 after purchasing an additional 74 shares during the period. Franklin Resources Inc. boosted its stake in shares of Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after purchasing an additional 527 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Markel Group during the third quarter worth $3,125,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Markel Group

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven A. Markel sold 800 shares of the stock in a transaction on Friday, February 21st. The shares were 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. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,034 shares of company stock worth $3,778,952. 1.66% of the stock is owned by corporate insiders.

Markel Group Stock Performance

Shares of MKL opened at $1,827.07 on Friday. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68. The company has a market cap of $23.22 billion, a PE ratio of 9.18 and a beta of 0.70. The stock has a 50-day moving average of $1,823.56 and a 200-day moving average of $1,765.94. 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 announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MKL. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. 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 note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, Markel Group has an average rating of “Hold” and an average 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.