Wellington Management Group LLP Decreases Stake in Markel Group Inc. (NYSE:MKL)

Wellington Management Group LLP decreased its holdings in Markel Group Inc. (NYSE:MKL) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 146,904 shares of the insurance provider’s stock after selling 52,769 shares during the quarter. Wellington Management Group LLP owned about 1.15% of Markel Group worth $253,590,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Markel Group in the 4th quarter valued at about $254,795,000. Proficio Capital Partners LLC purchased a new position in Markel Group in the fourth quarter valued at about $169,852,000. Davis Selected Advisers lifted its position in shares of Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock valued at $639,606,000 after acquiring an additional 80,922 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Markel Group during the 4th quarter worth approximately $98,743,000. Finally, Boston Partners grew its holdings in shares of Markel Group by 17.6% in the 4th 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. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the subject of several research reports. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada boosted 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 research report on Friday, February 7th. 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.com, the company currently has an average rating of “Hold” and a consensus target price of $1,702.20.

Insider Activity at Markel Group

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 88 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the sale, the director now owns 63,436 shares of the company’s stock, 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 company insiders.

Markel Group Trading Down 0.6 %

Shares of Markel Group stock opened at $1,857.95 on Wednesday. The firm has a market cap of $23.73 billion, a PE ratio of 9.33 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. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The business’s fifty day moving average is $1,868.92 and its two-hundred day moving average is $1,734.96.

Markel Group (NYSE:MKL) last issued 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%. Analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

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.