Nomura Asset Management Co. Ltd. Has $6.59 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

Nomura Asset Management Co. Ltd. decreased its position in Markel Group Inc. (NYSE:MKL) by 0.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,818 shares of the insurance provider’s stock after selling 6 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Markel Group were worth $6,591,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Markel Group in the fourth quarter valued at about $254,795,000. Proficio Capital Partners LLC acquired a new position in shares of Markel Group in the 4th quarter valued at approximately $169,852,000. Davis Selected Advisers increased its stake in Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after purchasing an additional 80,922 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Markel Group during the 4th quarter worth approximately $98,743,000. Finally, Boston Partners lifted its stake in Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock valued at $486,580,000 after buying an additional 42,178 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. TD Cowen downgraded shares of 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 lifted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,702.20.

Markel Group Stock Up 0.6 %

Shares of MKL stock opened at $1,867.00 on Tuesday. The firm’s fifty day moving average price is $1,867.54 and its two-hundred day moving average price is $1,732.85. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. The firm has a market capitalization of $23.84 billion, a P/E ratio of 9.38 and a beta of 0.82.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction on 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 purchase, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Markel sold 88 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the transaction, the director now owns 63,436 shares in the company, valued at $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. Insiders have sold 2,034 shares of company stock valued at $3,778,952 in the last 90 days. 1.71% of the stock is currently owned by insiders.

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.