Markel Group Inc. (NYSE:MKL) Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC lessened its stake in Markel Group Inc. (NYSE:MKL) by 5.2% in the fourth quarter, Holdings Channel reports. The firm owned 4,953 shares of the insurance provider’s stock after selling 272 shares during the quarter. Markel Group accounts for about 2.1% of Redmond Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Redmond Asset Management LLC’s holdings in Markel Group were worth $8,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKL. Empirical Asset Management LLC acquired a new position in Markel Group in the fourth quarter valued at about $54,173,000. Caisse DE Depot ET Placement DU Quebec raised its stake in Markel Group by 3,729.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after acquiring an additional 14,507 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Markel Group by 167.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock worth $38,687,000 after acquiring an additional 14,022 shares in the last quarter. State Street Corp raised its stake in Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after acquiring an additional 13,372 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after acquiring an additional 10,973 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity at Markel Group

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Performance

NYSE:MKL opened at $1,837.64 on Friday. The stock has a market cap of $23.63 billion, a P/E ratio of 9.23 and a beta of 0.78. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average is $1,791.50 and its 200-day moving average is $1,670.99. 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 results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. Equities research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on MKL shares. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada boosted their target price on 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. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, Markel Group has a consensus rating of “Hold” and a consensus price target of $1,685.17.

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.