Vaughan Nelson Investment Management L.P. Sells 161 Shares of Markel Group Inc. (NYSE:MKL)

Vaughan Nelson Investment Management L.P. lowered its holdings in shares of Markel Group Inc. (NYSE:MKL) by 75.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 51 shares of the insurance provider’s stock after selling 161 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Markel Group were worth $88,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Empirical Asset Management LLC bought a new position in shares of Markel Group during the fourth quarter valued at about $54,173,000. Caisse DE Depot ET Placement DU Quebec grew its position in Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after acquiring an additional 14,507 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Markel Group by 167.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock worth $38,687,000 after purchasing an additional 14,022 shares during the period. State Street Corp lifted its position in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Markel Group by 156,757.1% during the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after purchasing an additional 10,973 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost 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 in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.71% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MKL shares. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada raised their target price on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,685.17.

Markel Group Trading Down 1.6 %

Shares of MKL opened at $2,027.51 on Monday. Markel Group Inc. has a 1-year low of $1,405.11 and a 1-year high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $1,766.15 and its 200-day moving average price is $1,652.84. The firm has a market capitalization of $26.08 billion, a price-to-earnings ratio of 10.19 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. Sell-side analysts anticipate that Markel Group Inc. will post 97.92 EPS for the current year.

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.