Keybank National Association OH Has $1.25 Million Stake in Markel Group Inc. (NYSE:MKL)

Keybank National Association OH decreased its position in Markel Group Inc. (NYSE:MKL) by 6.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 721 shares of the insurance provider’s stock after selling 47 shares during the period. Keybank National Association OH’s holdings in Markel Group were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA grew its position in shares of Markel Group by 23.1% in the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 6 shares during the last quarter. Gold Investment Management Ltd. grew its position in shares of Markel Group by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after purchasing an additional 7 shares during the last quarter. Gilbert & Cook Inc. grew its position in shares of Markel Group by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock valued at $739,000 after purchasing an additional 7 shares during the last quarter. Greenleaf Trust grew its position in shares of Markel Group by 3.4% in the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after purchasing an additional 7 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Markel Group by 1.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock valued at $810,000 after purchasing an additional 7 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the business’s stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now directly 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven A. Markel sold 88 shares of the company’s 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 sale, the director now owns 63,436 shares of the company’s stock, valued at $117,992,863.08. The trade was a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,034 shares of company stock worth $3,778,952 over the last three months. Insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MKL. Royal Bank of Canada upped their target price on 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. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Trading Down 0.3 %

Shares of MKL stock opened at $1,895.12 on Friday. 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 has a market cap of $24.20 billion, a P/E ratio of 9.52 and a beta of 0.82. The stock has a 50 day simple moving average of $1,826.91 and a 200 day simple moving average of $1,698.88. 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 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%. On average, research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Markel Group Company 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.