Andra AP fonden Increases Stock Position in Markel Group Inc. (NYSE:MKL)

Andra AP fonden lifted its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,640 shares of the insurance provider's stock after acquiring an additional 300 shares during the quarter. Andra AP fonden's holdings in Markel Group were worth $8,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its holdings in Markel Group by 23.1% in the 4th 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. Gilbert & Cook Inc. raised its position in Markel Group by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after purchasing an additional 7 shares during the period. Greenleaf Trust boosted its stake in Markel Group by 3.4% during the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock worth $368,000 after buying an additional 7 shares during the period. Concurrent Investment Advisors LLC lifted its stake in Markel Group by 1.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after purchasing an additional 7 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Markel Group by 3.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 343 shares of the insurance provider's stock worth $538,000 after acquiring an additional 10 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

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Markel Group Stock Performance

Shares of NYSE:MKL traded down $10.23 during trading on Wednesday, hitting $1,816.88. 47,664 shares of the stock traded hands, compared to its average volume of 71,597. 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 52-week low of $1,417.65 and a 52-week high of $2,063.68. The company has a fifty day moving average price of $1,831.27 and a two-hundred day moving average price of $1,704.57. The company has a market cap of $23.20 billion, a price-to-earnings ratio of 9.13 and a beta of 0.81.

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 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%. As a group, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on MKL. TD Cowen downgraded 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 research note on Monday, December 2nd. Royal Bank of Canada raised their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Finally, StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $1,685.17.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the transaction, the director now owns 63,722 shares in the company, valued at approximately $118,426,699.78. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 in the last ninety days. 1.71% of the stock is owned by insiders.

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.