UniSuper Management Pty Ltd Has $432,000 Holdings in Markel Group Inc. (NYSE:MKL)

UniSuper Management Pty Ltd trimmed its stake in shares of Markel Group Inc. (NYSE:MKL) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250 shares of the insurance provider’s stock after selling 60 shares during the period. UniSuper Management Pty Ltd’s holdings in Markel Group were worth $432,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MKL. Bank of Montreal Can boosted its position in Markel Group by 1.8% in the 3rd quarter. Bank of Montreal Can now owns 3,697 shares of the insurance provider’s stock valued at $5,801,000 after buying an additional 66 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Markel Group by 3,729.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after acquiring an additional 14,507 shares during the period. Benjamin Edwards Inc. bought a new position in Markel Group in the third quarter valued at about $762,000. Chevy Chase Trust Holdings LLC increased its position in Markel Group by 16.8% in the third quarter. Chevy Chase Trust Holdings LLC now owns 515 shares of the insurance provider’s stock worth $808,000 after purchasing an additional 74 shares during the period. Finally, Holocene Advisors LP raised its holdings in Markel Group by 176.1% during the 3rd quarter. Holocene Advisors LP now owns 2,811 shares of the insurance provider’s stock worth $4,409,000 after purchasing an additional 1,793 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,867.00 on Tuesday. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $23.84 billion, a PE ratio of 9.38 and a beta of 0.82. The stock’s fifty day simple moving average is $1,867.54 and its 200 day simple moving average is $1,732.85.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. On average, research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on MKL. Royal Bank of Canada lifted their target price 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. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1,702.20.

Insider Buying and Selling at Markel Group

In related news, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the sale, the director now owns 63,722 shares of the company’s stock, valued at approximately $118,426,699.78. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, 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 disclosure for this purchase can be found here. Over the last quarter, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by corporate insiders.

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.