Mitsubishi UFJ Trust & Banking Corp Sells 25,603 Shares of Markel Group Inc. (NYSE:MKL)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in Markel Group Inc. (NYSE:MKL) by 34.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,617 shares of the insurance provider’s stock after selling 25,603 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.39% of Markel Group worth $85,713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brooklyn Investment Group purchased a new stake in shares of Markel Group during the 3rd quarter valued at $31,000. Larson Financial Group LLC purchased a new position in shares of Markel Group in the third quarter valued at $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Markel Group during the 4th quarter valued at $36,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group during the 4th quarter worth about $37,000. Finally, Global Trust Asset Management LLC bought a new position in Markel Group in the 4th quarter worth about $41,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

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 on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the transaction, the director now directly owns 63,436 shares of the company’s stock, valued at approximately $117,992,863.08. The trade was a 0.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 2,034 shares of company stock worth $3,778,952 in the last 90 days. Company insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MKL shares. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada upped 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 report on Friday, February 7th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1,702.20.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,870.21 on Tuesday. The company’s fifty day moving average is $1,856.87 and its 200 day moving average is $1,721.35. 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 52 week low of $1,417.65 and a 52 week high of $2,063.68. The stock has a market cap of $23.88 billion, a PE ratio of 9.40 and a beta of 0.82.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) 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%. Research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current year.

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.