Markel Group Inc. (NYSE:MKL) Shares Purchased by Inceptionr LLC

Inceptionr LLC grew its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 361.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 896 shares of the insurance provider's stock after buying an additional 702 shares during the period. Inceptionr LLC's holdings in Markel Group were worth $1,547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brooklyn Investment Group acquired a new stake in Markel Group in the 3rd quarter valued at about $31,000. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the third quarter valued at approximately $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of Markel Group in the fourth quarter valued at approximately $36,000. FPC Investment Advisory Inc. purchased a new position in shares of Markel Group during the 4th quarter worth $37,000. Finally, Global Trust Asset Management LLC acquired a new stake in Markel Group during the fourth quarter worth about $41,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Trading Down 2.8 %

Markel Group stock traded down $53.25 during trading on Monday, hitting $1,839.51. The company had a trading volume of 72,923 shares, compared to its average volume of 71,752. 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's 50 day simple moving average is $1,826.91 and its 200-day simple moving average is $1,700.86. 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 cap of $23.49 billion, a price-to-earnings ratio of 9.24 and a beta of 0.82.

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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%. As a group, analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 800 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the sale, the director now directly owns 64,868 shares of the company's stock, valued at $120,446,902.40. This represents a 1.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 over the last three months. Company insiders own 1.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MKL shares. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada increased their price objective on 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. Finally, StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $1,685.17.

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.