TD Asset Management Inc Has $120.54 Million Stock Holdings in Markel Group Inc. $MKL

TD Asset Management Inc reduced its position in Markel Group Inc. (NYSE:MKL) by 11.2% in the 4th quarter, HoldingsChannel reports. The firm owned 56,075 shares of the insurance provider’s stock after selling 7,082 shares during the period. TD Asset Management Inc’s holdings in Markel Group were worth $120,542,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of MKL. Canerector Inc. lifted its stake in Markel Group by 191,036.0% in the 3rd quarter. Canerector Inc. now owns 10,703,616 shares of the insurance provider’s stock valued at $20,458,463,000 after purchasing an additional 10,698,016 shares during the last quarter. Norges Bank acquired a new stake in Markel Group in the 4th quarter valued at about $317,583,000. Select Equity Group L.P. lifted its stake in Markel Group by 75.9% in the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock valued at $671,850,000 after purchasing an additional 145,146 shares during the last quarter. Davis Selected Advisers lifted its stake in Markel Group by 11.1% in the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock valued at $892,496,000 after purchasing an additional 41,632 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Markel Group by 3,235.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 25,316 shares of the insurance provider’s stock valued at $54,421,000 after purchasing an additional 24,557 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Diane Leopold purchased 100 shares of the stock in a transaction on Wednesday, May 6th. The shares were purchased at an average cost of $1,792.61 per share, with a total value of $179,261.00. Following the acquisition, the director directly owned 2,190 shares in the company, valued at $3,925,815.90. The trade was a 4.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Greta J. Harris sold 76 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the completion of the transaction, the director directly owned 645 shares in the company, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MKL has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded shares of Markel Group from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Truist Financial cut their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a research note on Thursday, April 30th. Finally, Brean Capital initiated coverage on shares of Markel Group in a research note on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price for the company. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $2,025.00.

Markel Group Stock Up 0.3%

Markel Group stock opened at $1,782.60 on Friday. The stock has a market cap of $22.30 billion, a P/E ratio of 12.85 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company’s 50-day moving average price is $1,874.70 and its two-hundred day moving average price is $1,999.03.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Tuesday, April 28th. The insurance provider reported ($18.90) earnings per share for the quarter, missing the consensus estimate of $26.38 by ($45.28). The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.66 billion. Markel Group had a net margin of 10.85% and a return on equity of 7.90%. As a group, analysts expect that Markel Group Inc. will post 113.55 EPS for the current year.

About Markel Group

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.