Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 275 shares of the insurance provider's stock, valued at approximately $475,000.
Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Markel Group during the 3rd quarter worth approximately $31,000. Larson Financial Group LLC acquired a new stake in Markel Group during the 3rd quarter worth $36,000. SBI Securities Co. Ltd. bought a new stake in shares of Markel Group during the 4th quarter valued at $36,000. FPC Investment Advisory Inc. bought a new stake in shares of Markel Group during the 4th quarter valued at $37,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Markel Group in the 4th quarter valued at $41,000. Institutional investors own 77.12% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on MKL. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada upped their price target on 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 downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $1,685.17.
View Our Latest Analysis on MKL
Insider Buying and Selling
In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Markel sold 88 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the sale, 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 have sold a total of 2,034 shares of company stock worth $3,778,952 over the last ninety days. Company insiders own 1.71% of the company's stock.
Markel Group Trading Down 0.6 %
Shares of Markel Group stock traded down $10.23 during trading hours on Wednesday, hitting $1,816.88. The company's stock had a trading volume of 47,664 shares, compared to its average volume of 71,597. 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 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 capitalization of $23.20 billion, a PE ratio of 9.13 and a beta of 0.81. The stock has a 50 day moving average of $1,831.27 and a 200 day moving average of $1,704.57.
Markel Group (NYSE:MKL - Get Free Report) last posted its 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%. Analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.
Markel Group Company Profile
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Free Report)
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.
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