Crestwood Advisors Group LLC Cuts Stock Position in Markel Group Inc. (NYSE:MKL)

Crestwood Advisors Group LLC cut its holdings in shares of Markel Group Inc. (NYSE:MKL) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,075 shares of the insurance provider’s stock after selling 9 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Markel Group were worth $1,856,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp increased its holdings in Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after buying an additional 13,372 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after acquiring an additional 10,254 shares during the period. Jennison Associates LLC increased its stake in shares of Markel Group by 9.9% during the 4th quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock worth $135,915,000 after purchasing an additional 7,102 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Markel Group by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock worth $87,398,000 after purchasing an additional 766 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings in shares of Markel Group by 0.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider’s stock worth $72,490,000 after purchasing an additional 133 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MKL. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, 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 research note on Friday, February 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Stock Performance

NYSE:MKL opened at $1,848.75 on Tuesday. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68. The business’s fifty day moving average is $1,795.94 and its 200 day moving average is $1,678.01. 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 $23.78 billion, a price-to-earnings ratio of 9.29 and a beta of 0.78.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.