Invesco Ltd. Trims Stock Position in Markel Group Inc. (NYSE:MKL)

Invesco Ltd. decreased its position in Markel Group Inc. (NYSE:MKL) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,903 shares of the insurance provider’s stock after selling 852 shares during the period. Invesco Ltd.’s holdings in Markel Group were worth $29,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MKL. Davis Selected Advisers lifted its holdings in shares of Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after buying an additional 80,922 shares during the period. Boston Partners lifted its stake in Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock worth $486,580,000 after acquiring an additional 42,178 shares during the period. Norges Bank bought a new position in Markel Group during the 4th quarter worth about $254,795,000. Proficio Capital Partners LLC purchased a new position in Markel Group during the 4th quarter valued at about $169,852,000. Finally, Jennison Associates LLC raised its holdings in shares of Markel Group by 9.9% in the 4th quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock valued at $135,915,000 after purchasing an additional 7,102 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 0.2 %

Shares of Markel Group stock opened at $1,767.46 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $22.47 billion, a P/E ratio of 8.88 and a beta of 0.70. The firm’s 50 day moving average price is $1,839.25 and its 200-day moving average price is $1,749.97. Markel Group Inc. has a 52-week low of $1,420.04 and a 52-week 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%. On average, sell-side analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Steven A. Markel sold 800 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the sale, the director now owns 64,868 shares in the company, valued at approximately $120,446,902.40. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction that occurred on 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 $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 have sold a total of 2,034 shares of company stock worth $3,778,952 in the last ninety days. 1.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MKL shares. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada increased their target price on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1,702.20.

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.