3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC lessened its stake in shares of Markel Group Inc. ( NYSE:MKL – Free Report ) by 95.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The fund owned 114 shares of the insurance provider’s stock after selling 2,365 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Markel Group were worth $195,000 as of its most recent SEC filing. A number of other large investors have also recently made changes to their positions in MKL.
SBI Securities Co. Ltd. purchased a new stake in Markel Group in the fourth quarter worth approximately $36,000.
FPC Investment Advisory Inc. purchased a new position in shares of Markel Group in the 4th quarter worth $37,000. Global Trust Asset Management LLC purchased a new position in shares of Markel Group in the 4th quarter worth $41,000.
Wilmington Savings Fund Society FSB purchased a new stake in Markel Group during the third quarter valued at $42,000. Finally, Quarry LP increased its position in Markel Group by 3,000.0% during the third quarter.
Quarry LP now owns 31 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 30 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth Several equities research analysts have recently commented on the stock. Royal Bank of Canada upped their price target on shares of 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. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th.
One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,702.20.
Insider Activity at Markel Group In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, with a total value 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.
This trade represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink .
Also, Director Steven A. Markel sold 1,146 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 63,722 shares of the company’s stock, valued at $118,426,699.
78. The trade was a 1.77 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last quarter, insiders have sold 2,034 shares of company stock worth $3,778,952. 1.
71% of the stock is owned by corporate insiders. Markel Group Stock Down 5.8 % MKL stock opened at $1,721.
17 on Monday. The business’s 50-day moving average price is $1,868.94 and its 200-day moving average price is $1,739.
97. The stock has a market cap of $21.98 billion, a P/E ratio of 8.
65 and a beta of 0.70. 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 Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.
68. Markel Group ( NYSE:MKL – Get Free Report ) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.
51 EPS 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%.
On average, equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.
Markel Group Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Markel Group Inc. ( NYSE:MKL – Free Report ). Receive News & Ratings for Markel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Group and related companies with MarketBeat.
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