denkapparat Operations GmbH Makes New Investment in Markel Group Inc. (NYSE:MKL)

denkapparat Operations GmbH bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 234 shares of the insurance provider's stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quilter Plc increased its stake in Markel Group by 7.2% in the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider's stock valued at $57,206,000 after purchasing an additional 2,234 shares during the period. Fiduciary Alliance LLC raised its stake in Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider's stock valued at $3,247,000 after acquiring an additional 379 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Markel Group during the 4th quarter worth approximately $252,000. Franklin Resources Inc. grew its stake in shares of Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock valued at $8,736,000 after purchasing an additional 527 shares during the last quarter. Finally, Hudson Value Partners LLC increased its holdings in shares of Markel Group by 4.8% in the fourth quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider's stock valued at $5,764,000 after purchasing an additional 153 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Wall Street Analysts Forecast Growth

MKL has been the subject of several recent research reports. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada boosted their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, Markel Group presently has a consensus rating of "Hold" and a consensus target price of $1,702.20.

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Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction on Wednesday, February 26th. The shares were 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 in the company, valued at $117,992,863.08. The trade was a 0.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,034 shares of company stock valued at $3,778,952 in the last ninety days. Company insiders own 1.71% of the company's stock.

Markel Group Trading Down 0.3 %

Markel Group stock traded down $6.29 during trading on Tuesday, hitting $1,863.32. The company's stock had a trading volume of 20,447 shares, compared to its average volume of 47,150. The stock's fifty day moving average is $1,867.54 and its 200 day moving average is $1,732.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current 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 stock has a market capitalization of $23.79 billion, a price-to-earnings ratio of 9.36 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last released 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%. As a group, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Markel Group 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.