Hi Line Capital Management LLC Has $922,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

Hi Line Capital Management LLC lessened its position in shares of Markel Group Inc. (NYSE:MKL) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 534 shares of the insurance provider’s stock after selling 123 shares during the quarter. Hi Line Capital Management LLC’s holdings in Markel Group were worth $922,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MKL. Empirical Asset Management LLC bought a new stake in Markel Group in the fourth quarter valued at about $54,173,000. Caisse DE Depot ET Placement DU Quebec increased its holdings in Markel Group by 3,729.3% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after purchasing an additional 14,507 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Markel Group by 167.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock valued at $38,687,000 after purchasing an additional 14,022 shares during the last quarter. State Street Corp increased its holdings in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Markel Group by 156,757.1% in the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after purchasing an additional 10,973 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was bought 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 directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MKL. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada increased their price objective 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 downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1,685.17.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,837.64 on Monday. The stock has a 50 day moving average price of $1,793.51 and a 200 day moving average price of $1,675.65. 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 market capitalization of $23.64 billion, a PE ratio of 9.23 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued 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%. Analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.