Thompson Siegel & Walmsley LLC Reduces Stock Holdings in Markel Group Inc. (NYSE:MKL)

Thompson Siegel & Walmsley LLC reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,507 shares of the insurance provider’s stock after selling 707 shares during the quarter. Markel Group accounts for approximately 1.2% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 17th largest holding. Thompson Siegel & Walmsley LLC owned about 0.35% of Markel Group worth $78,556,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 1,146 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the sale, the director now owns 63,722 shares of the company’s stock, valued at approximately $118,426,699.78. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction dated 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 purchase, 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 2,034 shares of company stock valued at $3,778,952 in the last quarter. Corporate insiders own 1.71% of the company’s stock.

Markel Group Trading Down 0.6 %

Shares of NYSE MKL opened at $1,816.88 on Thursday. The company has a market cap of $23.20 billion, a price-to-earnings ratio of 9.13 and a beta of 0.81. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. 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 simple moving average is $1,833.08 and its 200 day simple moving average is $1,705.36.

Markel Group (NYSE:MKL) last announced its quarterly 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%. Equities research analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank of Canada lifted 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 report on Friday, February 7th. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.