Madison Investment Advisors LLC Invests $493,000 in Markel Group Inc. (NYSE:MKL)

Madison Investment Advisors LLC acquired a new position in Markel Group Inc. (NYSE:MKL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 285 shares of the insurance provider's stock, valued at approximately $493,000.

Other institutional investors have also recently made changes to their positions in the company. Davis Selected Advisers increased its stake in shares of Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after purchasing an additional 80,922 shares in the last quarter. State Street Corp boosted its stake in shares of Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock worth $516,391,000 after acquiring an additional 13,372 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock worth $327,131,000 after purchasing an additional 10,254 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Markel Group in the 4th quarter valued at $169,852,000. Finally, Jennison Associates LLC lifted its holdings in Markel Group by 9.9% in the 4th quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider's stock valued at $135,915,000 after purchasing an additional 7,102 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada increased 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 report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $1,702.20.

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Markel Group Trading Down 0.3 %

Shares of Markel Group stock traded down $6.16 during mid-day trading on Tuesday, hitting $1,863.65. The stock had a trading volume of 54,380 shares, compared to its average volume of 45,840. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The firm has a market cap of $23.80 billion, a P/E ratio of 9.36 and a beta of 0.82. The firm has a 50-day moving average of $1,859.72 and a two-hundred day moving average of $1,723.67. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last posted its 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 return on equity of 7.55% and a net margin of 16.34%. Sell-side analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insider Activity at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was acquired 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 of the company's stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Markel sold 88 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the transaction, the director now owns 63,436 shares of the company's stock, valued at approximately $117,992,863.08. The trade was a 0.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,034 shares of company stock worth $3,778,952. Insiders own 1.71% of the company's stock.

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.