Dover Advisors LLC Cuts Stock Holdings in Markel Group Inc. (NYSE:MKL)

Dover Advisors LLC reduced its stake in Markel Group Inc. (NYSE:MKL) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 252 shares of the insurance provider’s stock after selling 9 shares during the period. Dover Advisors LLC’s holdings in Markel Group were worth $435,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SpiderRock Advisors LLC boosted its stake in shares of Markel Group by 199.4% in the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after buying an additional 315 shares during the period. Quilter Plc raised its holdings in Markel Group by 7.2% in the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after acquiring an additional 2,234 shares in the last quarter. Versor Investments LP lifted its stake in Markel Group by 72.4% in the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after acquiring an additional 160 shares during the last quarter. Fiduciary Alliance LLC grew its holdings in Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after acquiring an additional 379 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after purchasing an additional 527 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Markel Group

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MKL shares. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada increased their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,685.17.

Markel Group Price Performance

Shares of MKL opened at $1,837.64 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The stock has a market cap of $23.64 billion, a PE ratio of 9.23 and a beta of 0.78. The firm has a fifty day moving average price of $1,793.51 and a 200 day moving average price of $1,675.65.

Markel Group (NYSE:MKL) last posted its 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 net margin of 16.34% and a return on equity of 7.55%. As a group, sell-side analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

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.