TD Asset Management Inc. Has $88.42 Million Stake in Markel Group Inc. (NYSE:MKL)

TD Asset Management Inc. lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,223 shares of the insurance provider’s stock after buying an additional 4,429 shares during the quarter. TD Asset Management Inc. owned about 0.40% of Markel Group worth $88,423,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Markel Group during the 4th quarter worth approximately $169,852,000. Davis Selected Advisers grew its holdings in Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after purchasing an additional 80,922 shares during the period. Raymond James Financial Inc. bought a new stake in Markel Group in the fourth quarter valued at $98,743,000. Boston Partners raised its holdings in shares of Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock valued at $486,580,000 after purchasing an additional 42,178 shares during the period. Finally, Empirical Asset Management LLC bought a new position in shares of Markel Group during the 4th quarter worth about $54,173,000. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

MKL has been the topic of a number of research reports. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,986.00 to $1,836.00 in a research note 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 report on Friday, February 7th. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $1,702.20.

Markel Group Stock Performance

Shares of MKL opened at $1,867.69 on Thursday. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day moving average price of $1,862.13 and a two-hundred day moving average price of $1,724.68. The firm has a market capitalization of $23.85 billion, a P/E ratio of 9.38 and a beta of 0.82.

Markel Group (NYSE:MKL) last released 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 net margin of 16.34% and a return on equity of 7.55%. Equities analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Activity

In other Markel Group news, Director Steven A. Markel sold 800 shares of the company’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 owns 64,868 shares in the company, valued at $120,446,902.40. This represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost 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 owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 2,034 shares of company stock worth $3,778,952 over the last quarter. Insiders own 1.71% of the company’s stock.

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.