Resona Asset Management Co. Ltd. Acquires New Position in Markel Group Inc. (NYSE:MKL)

Resona Asset Management Co. Ltd. bought a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,636 shares of the insurance provider's stock, valued at approximately $8,009,000.

A number of other large investors also recently added to or reduced their stakes in MKL. SBI Securities Co. Ltd. bought a new stake in shares of Markel Group during the fourth quarter valued at approximately $36,000. FPC Investment Advisory Inc. purchased a new position in Markel Group during the fourth quarter valued at $37,000. Global Trust Asset Management LLC bought a new stake in Markel Group in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new stake in Markel Group in the 3rd quarter worth $42,000. Finally, Quarry LP boosted its holdings in shares of Markel Group by 3,000.0% during the 3rd quarter. Quarry LP now owns 31 shares of the insurance provider's stock valued at $49,000 after purchasing an additional 30 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 800 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the sale, the director now directly owns 64,868 shares of the company's stock, valued at $120,446,902.40. This represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, with a total value 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. The trade was a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 2,034 shares of company stock valued at $3,778,952 over the last three months. 1.71% of the stock is owned by company insiders.

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Analyst Ratings Changes

A number of equities research analysts recently commented 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 stock a "sector perform" rating in a research report on Friday, February 7th. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $1,702.20.

Markel Group Trading Up 0.4 %

MKL traded up $6.43 on Friday, hitting $1,769.56. The company had a trading volume of 70,878 shares, compared to its average volume of 48,040. The business's fifty day simple moving average is $1,855.85 and its 200 day simple moving average is $1,746.69. 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 Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The company has a market cap of $22.49 billion, a PE ratio of 8.89 and a beta of 0.70.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS 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%. Equities research analysts expect 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.