Markel Group Inc. (NYSE:MKL) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP grew its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 74.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 654 shares of the insurance provider's stock after purchasing an additional 280 shares during the quarter. Entropy Technologies LP's holdings in Markel Group were worth $1,129,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MKL. Empirical Asset Management LLC bought a new stake in shares of Markel Group during the 4th quarter valued at about $54,173,000. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider's stock valued at $23,366,000 after buying an additional 14,507 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Markel Group by 167.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider's stock valued at $38,687,000 after buying an additional 14,022 shares during the last quarter. State Street Corp grew its position in shares of Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock valued at $516,391,000 after buying an additional 13,372 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Markel Group by 156,757.1% during the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider's stock valued at $17,223,000 after buying an additional 10,973 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost 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 purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted 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 research report on Friday, February 7th. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday. Finally, TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $1,685.17.

Markel Group Price Performance

Shares of Markel Group stock traded down $27.90 on Friday, hitting $1,869.04. The company had a trading volume of 66,854 shares, compared to its average volume of 74,985. The business has a 50-day simple moving average of $1,780.38 and a 200-day simple moving average of $1,662.06. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $24.04 billion, a PE ratio of 9.39 and a beta of 0.78. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68.

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%. Research analysts expect that Markel Group Inc. will post 97.92 EPS for the current fiscal 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.