Bank Julius Baer & Co. Ltd Zurich Sells 1,564 Shares of Markel Group Inc. (NYSE:MKL)

Bank Julius Baer & Co. Ltd Zurich lessened its position in Markel Group Inc. (NYSE:MKL - Free Report) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,870 shares of the insurance provider's stock after selling 1,564 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.38% of Markel Group worth $70,810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Markel Group by 150.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider's stock worth $29,000 after purchasing an additional 12 shares during the period. GAMMA Investing LLC bought a new position in shares of Markel Group during the 4th quarter worth about $30,000. Blue Trust Inc. increased its holdings in shares of Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider's stock worth $31,000 after purchasing an additional 12 shares during the period. Headlands Technologies LLC increased its holdings in shares of Markel Group by 3,200.0% during the 3rd quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider's stock worth $97,000 after purchasing an additional 64 shares during the period. Finally, iA Global Asset Management Inc. bought a new position in shares of Markel Group during the 3rd quarter worth about $125,000. Institutional investors own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Janney Montgomery Scott reiterated a "neutral" rating and set a $1,600.00 target price on shares of Markel Group in a research report on Friday, March 15th. Royal Bank of Canada reiterated a "sector perform" rating and set a $1,475.00 target price on shares of Markel Group in a research report on Friday, February 2nd. Finally, Jefferies Financial Group lowered shares of Markel Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, Markel Group has an average rating of "Hold" and an average target price of $1,450.00.

Markel Group Trading Down 1.0 %

Shares of MKL traded down $13.95 on Thursday, reaching $1,448.41. 29,811 shares of the company's stock were exchanged, compared to its average volume of 48,465. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $18.89 billion, a P/E ratio of 9.86 and a beta of 0.70. The business has a 50 day moving average price of $1,484.62 and a two-hundred day moving average price of $1,444.97. Markel Group Inc. has a 12 month low of $1,272.43 and a 12 month high of $1,560.00.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, beating the consensus estimate of $23.58 by $32.90. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.75 billion. Research analysts anticipate that Markel Group Inc. will post 80.08 earnings per share for the current year.

Insider Buying and Selling at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the completion of the transaction, the chief executive officer now directly owns 45,039 shares of the company's stock, valued at $63,718,474.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Markel Group news, Director A. Lynne Puckett bought 72 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the acquisition, the director now owns 960 shares of the company's stock, valued at approximately $1,352,908.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the acquisition, the chief executive officer now directly owns 45,039 shares of the company's stock, valued at approximately $63,718,474.86. The disclosure for this purchase can be found here. Insiders own 1.71% of the company's stock.

Markel Group Company 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.

Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Markel Group Inc. (NYSE:MKL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.