Markel Group Inc. (NYSE:MKL) Shares Purchased by Quilter Plc

Quilter Plc increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,139 shares of the insurance provider’s stock after acquiring an additional 2,234 shares during the quarter. Quilter Plc’s holdings in Markel Group were worth $57,206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MKL. Empirical Asset Management LLC bought a new position in Markel Group in the 4th quarter worth about $54,173,000. Caisse DE Depot ET Placement DU Quebec grew its position in Markel Group by 3,729.3% in 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 purchasing an additional 14,507 shares during the last quarter. Assenagon Asset Management S.A. grew its position 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 last quarter. State Street Corp grew its position in Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Markel Group by 156,757.1% in the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock worth $17,223,000 after purchasing an additional 10,973 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 1.6 %

Shares of NYSE:MKL opened at $2,027.51 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $26.07 billion, a PE ratio of 10.19 and a beta of 0.78. Markel Group Inc. has a 52 week low of $1,405.11 and a 52 week high of $2,063.68. The firm has a 50 day simple moving average of $1,766.15 and a 200 day simple moving average of $1,652.84.

Markel Group (NYSE:MKL) 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 net margin of 16.34% and a return on equity of 7.55%. As a group, research analysts expect that Markel Group Inc. will post 97.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MKL. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Thursday. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada raised their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,685.17.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now 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 the SEC website. Insiders own 1.71% of the company’s stock.

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.