Markel Group Inc. (NYSE:MKL) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in Markel Group Inc. (NYSE:MKL) by 7.7% during the fourth quarter, Holdings Channel reports. The firm owned 28,805 shares of the insurance provider’s stock after selling 2,398 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Markel Group were worth $49,724,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in Markel Group in the 2nd quarter worth approximately $65,000. CWM LLC boosted its holdings in shares of Markel Group by 16.3% in the 3rd quarter. CWM LLC now owns 250 shares of the insurance provider’s stock valued at $392,000 after acquiring an additional 35 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Markel Group by 833.3% in the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 25 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Markel Group by 500.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 60 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 50 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in Markel Group by 327.5% during the third quarter. Inspire Investing LLC now owns 714 shares of the insurance provider’s stock valued at $1,120,000 after purchasing an additional 547 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on MKL shares. Royal Bank of Canada increased their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,685.17.

Markel Group Price Performance

NYSE:MKL opened at $1,989.69 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The stock’s 50-day moving average price is $1,766.15 and its 200-day moving average price is $1,653.46. The stock has a market capitalization of $25.59 billion, a PE ratio of 10.00 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 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%. As a group, equities analysts expect that Markel Group Inc. will post 97.92 EPS for the current fiscal year.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now 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 SEC, which is available through this link. Insiders own 1.71% of the company’s stock.

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.