Charles Schwab Investment Management Inc. Acquires 2,204 Shares of Markel Group Inc. (NYSE:MKL)

Charles Schwab Investment Management Inc. boosted its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,922 shares of the insurance provider's stock after purchasing an additional 2,204 shares during the period. Charles Schwab Investment Management Inc. owned about 0.45% of Markel Group worth $99,987,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Private Trust Co. NA boosted 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 buying an additional 6 shares during the period. Gilbert & Cook Inc. boosted its stake in shares of Markel Group by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock worth $739,000 after acquiring an additional 7 shares during the period. Greenleaf Trust grew its position in shares of 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 purchasing an additional 7 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of Markel Group by 1.5% during 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 in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Markel Group by 3.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 343 shares of the insurance provider's stock valued at $538,000 after purchasing an additional 10 shares during the period. Institutional investors own 77.12% of the company's stock.

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Markel Group Price Performance

Shares of NYSE MKL traded up $3.49 during mid-day trading on Thursday, hitting $1,819.62. 29,439 shares of the company's stock traded hands, compared to its average volume of 70,632. 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 1 year low of $1,417.65 and a 1 year high of $2,063.68. The company's 50-day moving average is $1,833.08 and its two-hundred day moving average is $1,705.36. The company has a market capitalization of $23.24 billion, a P/E ratio of 9.14 and a beta of 0.81.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data 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%. On average, equities analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. 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. Finally, TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $1,685.17.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the sale, the director now owns 64,868 shares of the company's stock, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale 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.

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.