HUB Investment Partners LLC Purchases New Position in Markel Group Inc. (NYSE:MKL)

HUB Investment Partners LLC purchased a new position in Markel Group Inc. (NYSE:MKL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 340 shares of the insurance provider's stock, valued at approximately $587,000.

Other large investors also recently modified their holdings of the company. Davis Selected Advisers lifted its stake in Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after purchasing an additional 80,922 shares in the last quarter. State Street Corp raised its position in shares of Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock worth $516,391,000 after buying an additional 13,372 shares in the last quarter. Boston Partners raised its position in shares of Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock worth $486,580,000 after buying an additional 42,178 shares in the last quarter. Geode Capital Management LLC boosted its stake in Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock valued at $327,131,000 after buying an additional 10,254 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Markel Group during the fourth quarter worth about $169,852,000. 77.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Royal Bank of Canada lifted 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 report on Friday, February 7th. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $1,702.20.

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Insider Activity

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost 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 $98,282,049.45. The trade was a 0.20 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the transaction, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by insiders.

Markel Group Price Performance

NYSE:MKL traded down $6.16 during mid-day trading on Tuesday, reaching $1,863.65. The stock had a trading volume of 54,380 shares, compared to its average volume of 45,873. The stock has a market capitalization of $23.80 billion, a P/E ratio of 9.36 and a beta of 0.82. The firm has a 50 day moving average price of $1,859.72 and a two-hundred day moving average price of $1,723.67. 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 one year low of $1,417.65 and a one year high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data 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 net margin of 16.34% and a return on equity of 7.55%. As a group, analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current 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.