Markel Group Inc. (NYSE:MKL) Stock Position Trimmed by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in Markel Group Inc. (NYSE:MKL) by 13.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,344 shares of the insurance provider’s stock after selling 216 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Markel Group were worth $2,320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quilter Plc grew its holdings in Markel Group by 7.2% in the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock worth $57,206,000 after buying an additional 2,234 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Markel Group by 25.2% during the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after purchasing an additional 379 shares during the period. WCM Investment Management LLC acquired a new stake in Markel Group in the fourth quarter worth about $252,000. Franklin Resources Inc. grew its position in 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 buying an additional 527 shares in the last quarter. Finally, Hudson Value Partners LLC increased its stake in Markel Group by 4.8% during the 4th quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider’s stock valued at $5,764,000 after buying an additional 153 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of MKL opened at $1,867.69 on Thursday. 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 firm has a market cap of $23.85 billion, a PE ratio of 9.38 and a beta of 0.82. The firm’s 50 day moving average price is $1,862.13 and its 200 day moving average price is $1,724.68. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was purchased 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 $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 800 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the sale, the director now directly owns 64,868 shares in the company, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,034 shares of company stock valued at $3,778,952. Insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

MKL has been the subject of several recent analyst reports. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and decreased 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 target 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. Finally, StockNews.com lowered 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 five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,702.20.

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.