Kennondale Capital Management LLC Purchases New Position in Markel Group Inc. (NYSE:MKL)

Kennondale Capital Management LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,384 shares of the insurance provider's stock, valued at approximately $26,556,000. Markel Group makes up about 21.6% of Kennondale Capital Management LLC's investment portfolio, making the stock its biggest holding. Kennondale Capital Management LLC owned 0.12% of Markel Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA boosted its position in shares of Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after purchasing an additional 6 shares in the last quarter. Wellington Shields & Co. LLC lifted its position in Markel Group by 4.3% in the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock valued at $250,000 after acquiring an additional 6 shares in the last quarter. Gilbert & Cook Inc. lifted its position in Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after acquiring an additional 7 shares in the last quarter. Greenleaf Trust lifted its position in Markel Group by 3.4% in the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock valued at $368,000 after acquiring an additional 7 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in Markel Group by 1.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock valued at $810,000 after acquiring an additional 7 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

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Analyst Ratings Changes

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

Insider Buying and Selling at Markel Group

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 800 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the transaction, the director now owns 64,868 shares in the company, valued at $120,446,902.40. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,034 shares of company stock worth $3,778,952. Insiders own 1.71% of the company's stock.

Markel Group Stock Down 0.8 %

MKL stock traded down $14.07 during midday trading on Friday, hitting $1,833.40. The company's stock had a trading volume of 54,205 shares, compared to its average volume of 45,723. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68. The company's fifty day moving average price is $1,852.81 and its 200 day moving average price is $1,717.05. The stock has a market capitalization of $23.41 billion, a P/E ratio of 9.21 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (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, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

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.