E. Ohman J or Asset Management AB Makes New Investment in Markel Group Inc. (NYSE:MKL)

E. Ohman J or Asset Management AB bought a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 200 shares of the insurance provider's stock, valued at approximately $345,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in Markel Group in the third quarter valued at about $31,000. Toth Financial Advisory Corp grew its stake in Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock valued at $35,000 after acquiring an additional 20 shares during the period. Larson Financial Group LLC acquired a new position in Markel Group in the third quarter valued at about $36,000. Global Trust Asset Management LLC acquired a new position in Markel Group in the fourth quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Markel Group in the third quarter valued at about $42,000. Institutional investors own 77.12% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Performance

NYSE:MKL traded down $36.48 on Monday, hitting $1,989.89. The company's stock had a trading volume of 48,346 shares, compared to its average volume of 72,505. 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 stock has a fifty day moving average of $1,766.15 and a two-hundred day moving average of $1,653.46. The firm has a market capitalization of $25.59 billion, a P/E ratio of 10.00 and a beta of 0.78. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Research analysts predict that Markel Group Inc. will post 97.92 earnings per share for the current year.

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.