Telemus Capital LLC Decreases Stake in Markel Group Inc. (NYSE:MKL)

Telemus Capital LLC lowered its holdings in Markel Group Inc. (NYSE:MKL) by 81.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236 shares of the insurance provider’s stock after selling 1,043 shares during the quarter. Telemus Capital LLC’s holdings in Markel Group were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Opal Wealth Advisors LLC increased its position in Markel Group by 2.3% during the fourth quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider’s stock valued at $452,000 after acquiring an additional 7 shares during the last quarter. Signaturefd LLC increased its position in shares of Markel Group by 4.9% during the 4th quarter. Signaturefd LLC now owns 151 shares of the insurance provider’s stock valued at $214,000 after purchasing an additional 7 shares during the last quarter. Parisi Gray Wealth Management lifted its stake in shares of Markel Group by 1.7% in the 4th quarter. Parisi Gray Wealth Management now owns 541 shares of the insurance provider’s stock worth $768,000 after purchasing an additional 9 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Markel Group by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 2,368 shares of the insurance provider’s stock worth $3,486,000 after purchasing an additional 10 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Markel Group by 1.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 780 shares of the insurance provider’s stock worth $1,149,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the completion of the transaction, the chief executive officer now directly owns 45,039 shares in the company, valued at approximately $63,718,474.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director A. Lynne Puckett acquired 72 shares of Markel Group stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the transaction, the director now directly owns 960 shares in the company, valued at approximately $1,352,908.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the transaction, the chief executive officer now owns 45,039 shares of the company’s stock, valued at $63,718,474.86. The disclosure for this purchase can be found here. Company insiders own 1.71% of the company’s stock.

Markel Group Price Performance

NYSE MKL opened at $1,473.60 on Tuesday. Markel Group Inc. has a 12 month low of $1,272.43 and a 12 month high of $1,560.00. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 10.03 and a beta of 0.70. The company’s 50 day moving average is $1,483.96 and its two-hundred day moving average is $1,444.73. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, topping analysts’ consensus estimates of $23.58 by $32.90. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.75 billion. As a group, research analysts anticipate that Markel Group Inc. will post 80.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.