Schonfeld Strategic Advisors LLC Reduces Stake in Markel Group Inc. (NYSE:MKL)

Schonfeld Strategic Advisors LLC cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 60.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 436 shares of the insurance provider's stock after selling 677 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Markel Group were worth $753,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MKL. SBI Securities Co. Ltd. acquired a new position in Markel Group in the fourth quarter valued at approximately $36,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group during the fourth quarter worth $37,000. Global Trust Asset Management LLC purchased a new stake in Markel Group during the fourth quarter worth $41,000. Wilmington Savings Fund Society FSB acquired a new stake in Markel Group during the third quarter valued at $42,000. Finally, Private Trust Co. NA increased its holdings in Markel Group by 23.1% in the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after buying an additional 6 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Trading Up 1.2 %

MKL stock opened at $1,903.48 on Friday. The business's 50-day moving average is $1,821.38 and its 200 day moving average is $1,778.22. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68. The stock has a market cap of $24.15 billion, a price-to-earnings ratio of 9.56 and a beta of 0.84. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly 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%. On average, sell-side analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven A. Markel sold 800 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 in the last 90 days. 1.66% of the stock is owned by insiders.

Analyst Ratings Changes

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

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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