IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 216 Shares of Markel Group Inc. (NYSE:MKL)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its stake in Markel Group Inc. (NYSE:MKL) by 13.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,344 shares of the insurance provider’s stock after selling 216 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Markel Group were worth $2,320,000 at the end of the most recent reporting period.

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

Markel Group Trading Up 0.2 %

Shares of MKL opened at $1,867.69 on Thursday. The stock’s fifty day simple moving average is $1,862.13 and its 200-day simple moving average is $1,724.68. The firm has a market capitalization of $23.85 billion, a PE ratio of 9.38 and a beta of 0.82. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. 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 (NYSE:MKL) last released its 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 net margin of 16.34% and a return on equity of 7.55%. As a group, research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. TD Cowen downgraded 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. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada upped their price target 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 investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,702.20.

Insider Activity at Markel Group

In other news, Director Steven A. Markel sold 1,146 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the sale, the director now directly owns 63,722 shares of the company’s stock, valued at $118,426,699.78. This represents a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 over the last ninety days. Company insiders own 1.71% of the company’s stock.

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.