Markel Group Inc. (NYSE:MKL) Shares Sold by Huntington National Bank

Huntington National Bank decreased its holdings in Markel Group Inc. (NYSE:MKL) by 24.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114 shares of the insurance provider’s stock after selling 37 shares during the period. Huntington National Bank’s holdings in Markel Group were worth $197,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. OLD Mission Capital LLC purchased a new position in Markel Group during the fourth quarter worth approximately $3,316,000. National Bank of Canada FI raised its holdings in shares of Markel Group by 11.4% during the 4th quarter. National Bank of Canada FI now owns 2,707 shares of the insurance provider’s stock worth $4,673,000 after acquiring an additional 278 shares during the period. Roundview Capital LLC boosted its position in shares of Markel Group by 0.5% during the 4th quarter. Roundview Capital LLC now owns 4,347 shares of the insurance provider’s stock valued at $7,504,000 after acquiring an additional 20 shares during the last quarter. HighPoint Advisor Group LLC raised its stake in Markel Group by 7.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 264 shares of the insurance provider’s stock worth $456,000 after purchasing an additional 18 shares during the period. Finally, Cannell & Spears LLC grew its stake in shares of Markel Group by 0.6% in the 4th quarter. Cannell & Spears LLC now owns 1,903 shares of the insurance provider’s stock valued at $3,285,000 after buying an additional 11 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

Shares of MKL stock opened at $1,721.17 on Friday. 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 $21.98 billion, a P/E ratio of 8.65 and a beta of 0.82. The firm’s 50 day moving average price is $1,868.94 and its 200-day moving average price is $1,738.75. Markel Group Inc. has a one year low of $1,417.65 and a one year 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 earnings per share 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, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MKL shares. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their target price on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,702.20.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Markel sold 800 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the sale, the director now owns 64,868 shares in the company, valued at approximately $120,446,902.40. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 over the last three months. Company 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.