Cibc World Markets Corp Lowers Stake in Markel Group Inc. (NYSE:MKL)

Cibc World Markets Corp lessened its holdings in Markel Group Inc. (NYSE:MKL) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 586 shares of the insurance provider’s stock after selling 172 shares during the period. Cibc World Markets Corp’s holdings in Markel Group were worth $1,012,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Markel Group in the third quarter valued at approximately $31,000. Larson Financial Group LLC acquired a new stake in Markel Group in the 3rd quarter valued at $36,000. SBI Securities Co. Ltd. acquired a new stake in Markel Group in the 4th quarter valued at $36,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group in the 4th quarter worth $37,000. Finally, Global Trust Asset Management LLC acquired a new position in Markel Group during the fourth quarter worth $41,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of research reports. Royal Bank of Canada boosted 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 research note on Friday, February 7th. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1,702.20.

Insider Activity at Markel Group

In other Markel Group news, Director Steven A. Markel sold 88 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. The trade was a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now directly 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 sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is owned by company insiders.

Markel Group Trading Down 0.8 %

Shares of Markel Group stock opened at $1,833.40 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $1,852.81 and its 200-day simple moving average is $1,717.05. The stock has a market cap of $23.41 billion, a P/E ratio of 9.21 and a beta of 0.82. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68.

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 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 predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

About Markel Group

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.