Blue Trust Inc. Has $174,000 Stake in Markel Group Inc. (NYSE:MKL)

Blue Trust Inc. reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 48.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101 shares of the insurance provider’s stock after selling 94 shares during the quarter. Blue Trust Inc.’s holdings in Markel Group were worth $174,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in MKL. Allspring Global Investments Holdings LLC grew its holdings in shares of Markel Group by 136.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,119 shares of the insurance provider’s stock worth $3,324,000 after purchasing an additional 1,223 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Markel Group by 63.4% in the third quarter. Sequoia Financial Advisors LLC now owns 1,567 shares of the insurance provider’s stock valued at $2,458,000 after buying an additional 608 shares during the period. Private Advisor Group LLC raised its position in shares of Markel Group by 39.2% during the third quarter. Private Advisor Group LLC now owns 597 shares of the insurance provider’s stock worth $936,000 after purchasing an additional 168 shares during the period. Greenleaf Trust raised its position in shares of Markel Group by 7.9% during the third quarter. Greenleaf Trust now owns 206 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 15 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after purchasing an additional 10,973 shares during the period. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the topic of a number of recent research reports. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada lifted their target price on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,685.17.

Insider Transactions at Markel Group

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is owned by insiders.

Markel Group Price Performance

Shares of NYSE MKL opened at $1,855.37 on Friday. The stock has a market capitalization of $23.86 billion, a PE ratio of 9.32 and a beta of 0.78. 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 business has a fifty day moving average price of $1,791.50 and a two-hundred day moving average price of $1,670.99. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68.

Markel Group (NYSE:MKL) last posted its quarterly earnings results 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 return on equity of 7.55% and a net margin of 16.34%. As a group, equities analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

About Markel Group

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.