Asset Management One Co. Ltd. Has $8.72 Million Holdings in Markel Group Inc. (NYSE:MKL)

Asset Management One Co. Ltd. lessened its position in shares of Markel Group Inc. (NYSE:MKL) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,010 shares of the insurance provider’s stock after selling 74 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Markel Group were worth $8,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MKL. Brooklyn Investment Group acquired a new stake in shares of Markel Group during the 3rd quarter worth approximately $31,000. Toth Financial Advisory Corp grew its position in shares of Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after buying an additional 20 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Markel Group during the 3rd quarter worth approximately $36,000. Global Trust Asset Management LLC acquired a new stake in shares of Markel Group during the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Markel Group during the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MKL. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada increased their target price on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus target price of $1,685.17.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,869.04 on Tuesday. 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 stock’s fifty day simple moving average is $1,784.88 and its two-hundred day simple moving average is $1,666.20. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The stock has a market cap of $24.04 billion, a PE ratio of 9.39 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. As a group, analysts forecast that Markel Group Inc. will post 97.92 EPS for the current fiscal year.

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.