Haverford Trust Co Lowers Position in Markel Group Inc. (NYSE:MKL)

Haverford Trust Co trimmed its position in shares of Markel Group Inc. (NYSE:MKL) by 32.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294 shares of the insurance provider’s stock after selling 140 shares during the quarter. Haverford Trust Co’s holdings in Markel Group were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA boosted its holdings in Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 6 shares during the last quarter. Wellington Shields & Co. LLC lifted its position in shares of Markel Group by 4.3% during the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider’s stock worth $250,000 after buying an additional 6 shares in the last quarter. Gilbert & Cook Inc. boosted its stake in shares of Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock worth $739,000 after buying an additional 7 shares during the last quarter. Greenleaf Trust grew its holdings in shares of Markel Group by 3.4% in the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after acquiring an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in shares of Markel Group by 1.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock valued at $810,000 after acquiring an additional 7 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MKL shares. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada raised their price objective on shares of 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, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,702.20.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,863.65 on Wednesday. The firm has a market capitalization of $23.80 billion, a PE ratio of 9.36 and a beta of 0.82. 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 50-day moving average price of $1,859.72 and a two-hundred day moving average price of $1,723.67. 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 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 return on equity of 7.55% and a net margin of 16.34%. Equities analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Activity

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven A. Markel sold 88 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the sale, the director now owns 63,436 shares in the company, valued at $117,992,863.08. This represents a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by corporate insiders.

About Markel Group

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.