Hi Line Capital Management LLC Sells 123 Shares of Markel Group Inc. (NYSE:MKL)

Hi Line Capital Management LLC lowered its position in shares of Markel Group Inc. (NYSE:MKL) by 18.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 534 shares of the insurance provider’s stock after selling 123 shares during the period. Hi Line Capital Management LLC’s holdings in Markel Group were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in MKL. Allspring Global Investments Holdings LLC increased its stake in shares of Markel Group by 136.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,119 shares of the insurance provider’s stock worth $3,324,000 after purchasing an additional 1,223 shares during the period. Private Advisor Group LLC increased its stake in Markel Group by 39.2% during the 3rd quarter. Private Advisor Group LLC now owns 597 shares of the insurance provider’s stock worth $936,000 after acquiring an additional 168 shares during the period. Greenleaf Trust increased its stake in Markel Group by 7.9% during the 3rd quarter. Greenleaf Trust now owns 206 shares of the insurance provider’s stock worth $323,000 after acquiring an additional 15 shares during the period. International Assets Investment Management LLC increased its stake in Markel Group by 156,757.1% during the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after acquiring an additional 10,973 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in Markel Group by 3.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 2,427 shares of the insurance provider’s stock worth $3,807,000 after acquiring an additional 76 shares during the period. Institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada raised their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1,685.17.

Markel Group Stock Down 0.9 %

Shares of MKL opened at $1,837.64 on Monday. The company has a market capitalization of $23.64 billion, a PE ratio of 9.23 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The stock’s 50-day moving average price is $1,793.51 and its two-hundred day moving average price is $1,675.65. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last announced its 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 return on equity of 7.55% and a net margin of 16.34%. On average, analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought 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 of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.71% of the stock is owned by company 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.