Inkwell Capital LLC Buys New Shares in Markel Group Inc. (NYSE:MKL)

Inkwell Capital LLC acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,749 shares of the insurance provider's stock, valued at approximately $4,745,000. Markel Group makes up about 5.1% of Inkwell Capital LLC's portfolio, making the stock its 4th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA grew its position in shares of Markel Group by 23.1% during the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after purchasing an additional 6 shares in the last quarter. Wellington Shields & Co. LLC boosted its stake in shares of Markel Group by 4.3% in the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock valued at $250,000 after purchasing an additional 6 shares in the last quarter. Gilbert & Cook Inc. grew its holdings in shares of Markel Group by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after purchasing an additional 7 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Markel Group by 3.4% in the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock worth $368,000 after buying an additional 7 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in Markel Group by 1.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after purchasing an additional 7 shares during the period. Institutional investors own 77.12% of the company's stock.

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Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business's stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 800 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the transaction, the director now owns 64,868 shares in the company, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by insiders.

Markel Group Stock Down 1.3 %

MKL traded down $24.67 during trading on Thursday, hitting $1,854.27. 18,638 shares of the company's stock traded hands, compared to its average volume of 63,696. The stock has a market capitalization of $23.68 billion, a price-to-earnings ratio of 9.32 and a beta of 0.82. The company's 50 day simple moving average is $1,870.34 and its two-hundred day simple moving average is $1,735.98. 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 current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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 fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports 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 Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, Markel Group presently has a consensus rating of "Hold" and an average target price of $1,702.20.

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.