Wellington Management Group LLP Cuts Stake in Markel Group Inc. (NYSE:MKL)

Wellington Management Group LLP decreased its stake in Markel Group Inc. (NYSE:MKL) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,904 shares of the insurance provider’s stock after selling 52,769 shares during the period. Wellington Management Group LLP’s holdings in Markel Group were worth $253,590,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MKL. Private Trust Co. NA boosted its holdings in Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 6 shares during the period. Wellington Shields & Co. LLC boosted its holdings in Markel Group by 4.3% in the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider’s stock valued at $250,000 after purchasing an additional 6 shares during the last quarter. Gilbert & Cook Inc. boosted its holdings in 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 stake in Markel Group by 3.4% during the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after purchasing an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in Markel Group by 1.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock worth $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.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MKL shares. Royal Bank of Canada increased 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 note on Friday, February 7th. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,702.20.

Markel Group Stock Down 0.6 %

Shares of NYSE:MKL opened at $1,857.95 on Wednesday. The company’s fifty day moving average is $1,868.92 and its two-hundred day moving average is $1,734.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current 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 capitalization of $23.73 billion, a price-to-earnings ratio of 9.33 and a beta of 0.82.

Markel Group (NYSE:MKL) last released its quarterly earnings data 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%. Equities analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Transactions at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 88 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the sale, 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 quarter, insiders sold 2,034 shares of company stock worth $3,778,952. Insiders own 1.71% of the company’s stock.

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.