KBC Group NV Has $2.43 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

KBC Group NV lessened its holdings in Markel Group Inc. (NYSE:MKLFree Report) by 47.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,714 shares of the insurance provider’s stock after selling 1,554 shares during the period. KBC Group NV’s holdings in Markel Group were worth $2,434,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Markel Group by 150.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock worth $29,000 after buying an additional 12 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Markel Group during the fourth quarter worth approximately $30,000. Blue Trust Inc. increased its holdings in shares of Markel Group by 133.3% during the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after buying an additional 12 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Markel Group by 3,200.0% during the third quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider’s stock worth $97,000 after buying an additional 64 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Markel Group by 40.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 80 shares of the insurance provider’s stock worth $114,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MKL. Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Royal Bank of Canada raised their price target on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Finally, Truist Financial raised their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1,520.00.

Read Our Latest Research Report on MKL

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total value of $197,741.26. Following the transaction, the director now directly owns 634 shares of the company’s stock, valued at $1,027,606.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Greta J. Harris sold 122 shares of Markel Group stock in a transaction on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the transaction, the director now directly owns 634 shares of the company’s stock, valued at $1,027,606.22. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven A. Markel sold 3,000 shares of Markel Group stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the transaction, the director now directly owns 66,668 shares in the company, valued at $109,228,184.52. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,603.05 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market cap of $20.84 billion, a P/E ratio of 8.66 and a beta of 0.73. The firm has a 50 day simple moving average of $1,550.62 and a 200 day simple moving average of $1,483.00. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24.

Markel Group (NYSE:MKLGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.62 billion. Sell-side analysts predict that Markel Group Inc. will post 82.83 earnings per share for the current fiscal year.

Markel Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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