Swiss National Bank Has $63.13 Million Position in Markel Group Inc. (NYSE:MKL)

Swiss National Bank cut its position in Markel Group Inc. (NYSE:MKL) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,570 shares of the insurance provider’s stock after selling 2,020 shares during the quarter. Swiss National Bank’s holdings in Markel Group were worth $63,128,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Davis Selected Advisers raised its holdings in Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock valued at $639,606,000 after buying an additional 80,922 shares during the last quarter. State Street Corp raised its stake in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after acquiring an additional 13,372 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after purchasing an additional 10,254 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Markel Group in the fourth quarter worth $169,852,000. Finally, Jennison Associates LLC grew its stake in shares of Markel Group by 9.9% in the fourth quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock worth $135,915,000 after purchasing an additional 7,102 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Trading Up 1.7 %

NYSE MKL opened at $1,850.33 on Friday. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50 day simple moving average of $1,837.87 and a 200 day simple moving average of $1,708.99. The stock has a market capitalization of $23.63 billion, a P/E ratio of 9.30 and a beta of 0.81.

Markel Group (NYSE:MKL) last released its quarterly earnings data 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%. Research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Cowen downgraded 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. Royal Bank of Canada raised their price target 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, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $1,702.20.

Insider Activity

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average price 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 in the company, valued at $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 can be accessed through this link. Also, Director Steven A. Markel sold 88 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the transaction, the director now owns 63,436 shares in the company, valued at approximately $117,992,863.08. This represents a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,034 shares of company stock worth $3,778,952. 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.