Markel Group Inc. Has $658,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Markel Group Inc. lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 84.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,120 shares of the financial services provider's stock after selling 27,957 shares during the period. Markel Group Inc.'s holdings in Intercontinental Exchange were worth $658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Intercontinental Exchange by 2.2% during the third quarter. Vanguard Group Inc. now owns 46,919,116 shares of the financial services provider's stock valued at $5,162,041,000 after purchasing an additional 1,012,034 shares during the period. Wellington Management Group LLP increased its position in shares of Intercontinental Exchange by 219.8% during the third quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider's stock worth $1,336,371,000 after acquiring an additional 8,348,126 shares in the last quarter. Northern Trust Corp increased its position in shares of Intercontinental Exchange by 3.9% during the third quarter. Northern Trust Corp now owns 7,567,921 shares of the financial services provider's stock worth $832,623,000 after acquiring an additional 282,963 shares in the last quarter. Invesco Ltd. increased its position in shares of Intercontinental Exchange by 21.1% during the third quarter. Invesco Ltd. now owns 6,073,725 shares of the financial services provider's stock worth $668,231,000 after acquiring an additional 1,058,536 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Intercontinental Exchange by 3.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,847,229 shares of the financial services provider's stock worth $533,292,000 after acquiring an additional 173,236 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded down $0.13 on Friday, reaching $131.69. 2,406,708 shares of the company traded hands, compared to its average volume of 2,386,540. Intercontinental Exchange, Inc. has a 52 week low of $103.81 and a 52 week high of $140.43. The company has a 50 day moving average of $135.86 and a 200 day moving average of $125.19. The firm has a market capitalization of $75.41 billion, a PE ratio of 31.35, a PEG ratio of 2.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. Intercontinental Exchange's revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 EPS. Equities analysts forecast that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.45 per share. This is a boost from Intercontinental Exchange's previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 14th. Intercontinental Exchange's dividend payout ratio is presently 42.86%.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 27,970 shares of the company's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $134.74, for a total transaction of $3,768,677.80. Following the sale, the president now directly owns 138,487 shares in the company, valued at approximately $18,659,738.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 58,388 shares of the firm's stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the transaction, the chief executive officer now directly owns 1,179,895 shares of the company's stock, valued at approximately $161,893,392.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 27,970 shares of the firm's stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $134.74, for a total transaction of $3,768,677.80. Following the completion of the transaction, the president now directly owns 138,487 shares of the company's stock, valued at $18,659,738.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,491 shares of company stock worth $21,454,204. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Raymond James boosted their target price on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 5th. Bank of America reduced their price objective on shares of Intercontinental Exchange from $156.00 to $153.00 and set a "buy" rating for the company in a research report on Friday, April 19th. Citigroup upped their price objective on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, April 4th. UBS Group upped their price objective on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, February 12th. Finally, StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Wednesday, February 14th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus price target of $148.08.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.

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