Geode Capital Management LLC Increases Holdings in Markel Group Inc. (NYSE:MKL)

Geode Capital Management LLC increased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 209,280 shares of the insurance provider's stock after acquiring an additional 226 shares during the quarter. Geode Capital Management LLC owned approximately 1.63% of Markel Group worth $360,605,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. National Bank of Canada FI lifted its holdings in Markel Group by 11.4% during the fourth quarter. National Bank of Canada FI now owns 2,707 shares of the insurance provider's stock worth $4,673,000 after buying an additional 278 shares during the period. Roundview Capital LLC lifted its position in shares of Markel Group by 0.5% during the fourth quarter. Roundview Capital LLC now owns 4,347 shares of the insurance provider's stock valued at $7,504,000 after buying an additional 20 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of Markel Group by 7.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 264 shares of the insurance provider's stock valued at $456,000 after buying an additional 18 shares in the last quarter. Cannell & Spears LLC grew its position in shares of Markel Group by 0.6% in the 4th quarter. Cannell & Spears LLC now owns 1,903 shares of the insurance provider's stock worth $3,285,000 after buying an additional 11 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Markel Group by 13.9% during the 4th quarter. Alliancebernstein L.P. now owns 10,599 shares of the insurance provider's stock worth $18,296,000 after acquiring an additional 1,295 shares in the last quarter. Institutional investors own 77.12% of the company's stock.

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Markel Group Stock Performance

Markel Group stock traded down $55.27 during mid-day trading on Thursday, hitting $1,735.34. The company had a trading volume of 13,736 shares, compared to its average volume of 64,074. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $22.16 billion, a price-to-earnings ratio of 8.72 and a beta of 0.70. The company's fifty day moving average is $1,858.52 and its 200-day moving average is $1,742.72. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. Equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Buying and Selling at Markel Group

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired 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 owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 1,146 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the sale, the director now owns 63,722 shares of the company's stock, valued at approximately $118,426,699.78. This represents a 1.77 % decrease in their position. The disclosure for this sale 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.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MKL shares. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada upped 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. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, Markel Group presently has a consensus rating of "Hold" and an average target price of $1,702.20.

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.