Tredje AP fonden Lowers Stake in Markel Group Inc. (NYSE:MKL)

Tredje AP fonden lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,040 shares of the insurance provider’s stock after selling 1,039 shares during the period. Tredje AP fonden’s holdings in Markel Group were worth $1,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Private Trust Co. NA lifted 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 buying an additional 6 shares during the period. Gilbert & Cook Inc. increased its position in shares of Markel Group by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock worth $739,000 after purchasing an additional 7 shares in the last quarter. Greenleaf Trust increased its position in shares of Markel Group by 3.4% during the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock worth $368,000 after purchasing an additional 7 shares in the last quarter. 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 worth $810,000 after purchasing an additional 7 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC increased its position in shares of Markel Group by 1.8% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 568 shares of the insurance provider’s stock worth $891,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the topic of a number of recent analyst reports. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada upped their price target on 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 research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1,685.17.

Insider Transactions at Markel Group

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven A. Markel sold 88 shares of the stock in a transaction dated 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 sale, the director now directly owns 63,436 shares in the company, valued at approximately $117,992,863.08. The trade was a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 in the last ninety days. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Price Performance

NYSE:MKL opened at $1,850.33 on Friday. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. 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 $23.63 billion, a price-to-earnings ratio of 9.30 and a beta of 0.81. The firm’s fifty day moving average is $1,837.87 and its two-hundred day moving average is $1,708.04.

Markel Group (NYSE:MKL) last posted its quarterly earnings results 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 net margin of 16.34% and a return on equity of 7.55%. Research analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

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.