Mercer Global Advisors Inc. ADV Sells 6,742 Shares of Markel Group Inc. (NYSE:MKL)

Mercer Global Advisors Inc. ADV lessened its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 85.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,173 shares of the insurance provider's stock after selling 6,742 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Markel Group were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Davis Selected Advisers increased its holdings in shares of Markel Group by 27.9% in the fourth 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 during the period. Boston Partners increased its stake in Markel Group by 17.6% in the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock worth $486,580,000 after acquiring an additional 42,178 shares during the last quarter. Norges Bank purchased a new stake in shares of Markel Group in the 4th quarter valued at about $254,795,000. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of Markel Group by 19.3% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock valued at $209,891,000 after acquiring an additional 19,657 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Markel Group by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 116,664 shares of the insurance provider's stock worth $201,393,000 after purchasing an additional 1,975 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,879.30 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a one year low of $1,491.03 and a one year high of $2,063.68. The business's 50 day simple moving average is $1,821.36 and its two-hundred day simple moving average is $1,774.06. The stock has a market capitalization of $23.84 billion, a P/E ratio of 9.44 and a beta of 0.84.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 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%. Analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Upgrades and Downgrades

MKL has been the subject of a number of research reports. Royal Bank of Canada boosted their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $1,727.75.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company's stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven A. Markel sold 800 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the transaction, the director now directly owns 64,868 shares in the company, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 in the last quarter. Insiders own 1.66% of the company's stock.

Markel Group 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.

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