Envestnet Portfolio Solutions Inc. Decreases Position in Markel Group Inc. (NYSE:MKL)

Envestnet Portfolio Solutions Inc. trimmed its holdings in Markel Group Inc. (NYSE:MKL) by 45.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 472 shares of the insurance provider’s stock after selling 399 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Markel Group were worth $815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MKL. Empowered Funds LLC raised its holdings in shares of Markel Group by 44.8% in the third quarter. Empowered Funds LLC now owns 249 shares of the insurance provider’s stock worth $391,000 after buying an additional 77 shares during the period. Pathstone Holdings LLC increased its holdings in Markel Group by 2.5% during the 3rd quarter. Pathstone Holdings LLC now owns 2,550 shares of the insurance provider’s stock worth $4,000,000 after purchasing an additional 63 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Markel Group during the 3rd quarter worth $551,000. Intech Investment Management LLC increased its holdings in Markel Group by 18.4% during the 3rd quarter. Intech Investment Management LLC now owns 862 shares of the insurance provider’s stock worth $1,352,000 after purchasing an additional 134 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Markel Group by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock worth $87,398,000 after purchasing an additional 766 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the sale, the director now directly owns 63,722 shares of the company’s stock, valued at $118,426,699.78. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,034 shares of company stock valued at $3,778,952 in the last quarter. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Trading Down 0.8 %

Shares of NYSE:MKL opened at $1,833.40 on Monday. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The business’s fifty day simple moving average is $1,852.81 and its 200-day simple moving average is $1,719.15. The company has a market capitalization of $23.41 billion, a PE ratio of 9.21 and a beta of 0.82. 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) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. As a group, equities research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on MKL. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada lifted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,702.20.

About Markel Group

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.