TD Asset Management Inc. Buys 4,429 Shares of Markel Group Inc. (NYSE:MKL)

TD Asset Management Inc. raised its position in shares of Markel Group Inc. (NYSE:MKL) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,223 shares of the insurance provider’s stock after purchasing an additional 4,429 shares during the period. TD Asset Management Inc.’s holdings in Markel Group were worth $88,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of MKL. Modern Wealth Management LLC increased its stake in shares of Markel Group by 1.5% in the fourth quarter. Modern Wealth Management LLC now owns 1,443 shares of the insurance provider’s stock worth $2,491,000 after purchasing an additional 22 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Markel Group in the 4th quarter valued at approximately $221,000. LPL Financial LLC raised its holdings in Markel Group by 7.9% during the 4th quarter. LPL Financial LLC now owns 6,164 shares of the insurance provider’s stock valued at $10,641,000 after acquiring an additional 453 shares during the period. Fox Run Management L.L.C. lifted its position in shares of Markel Group by 127.5% during the fourth quarter. Fox Run Management L.L.C. now owns 298 shares of the insurance provider’s stock worth $514,000 after acquiring an additional 167 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Markel Group in the fourth quarter worth $7,803,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MKL. Royal Bank of Canada boosted their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus target price of $1,702.20.

Markel Group Price Performance

Markel Group stock opened at $1,867.69 on Thursday. The stock has a market cap of $23.85 billion, a price-to-earnings ratio of 9.38 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 business has a 50-day simple moving average of $1,862.13 and a 200 day simple moving average of $1,724.68. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68.

Markel Group (NYSE:MKL) last issued 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%. On average, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 88 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, 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 disclosure for this purchase can be found here. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 in the last quarter. Corporate insiders own 1.71% of the company’s stock.

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.