Integrated Quantitative Investments LLC Takes $380,000 Position in Markel Group Inc. (NYSE:MKL)

Integrated Quantitative Investments LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 220 shares of the insurance provider's stock, valued at approximately $380,000.

Several other institutional investors also recently modified their holdings of MKL. Norges Bank bought a new stake in Markel Group in the fourth quarter valued at approximately $254,795,000. Proficio Capital Partners LLC bought a new stake in shares of Markel Group during the 4th quarter valued at about $169,852,000. Davis Selected Advisers boosted its position in shares of Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after purchasing an additional 80,922 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Markel Group in the fourth quarter worth approximately $98,743,000. Finally, Boston Partners boosted its holdings in shares of Markel Group by 17.6% during the 4th 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. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Down 2.2 %

Shares of NYSE:MKL traded down $38.92 during midday trading on Thursday, hitting $1,751.69. 16,906 shares of the company's stock were exchanged, compared to its average volume of 64,106. 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 market cap of $22.37 billion, a PE ratio of 8.80 and a beta of 0.70. 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 stock has a 50 day moving average price of $1,858.52 and a 200-day moving average price of $1,742.72.

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Markel Group (NYSE:MKL - Get Free Report) last released its quarterly 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 net margin of 16.34% and a return on equity of 7.55%. On average, sell-side analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price 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 research note on Friday, February 14th. One 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 company presently has an average rating of "Hold" and a consensus price target of $1,702.20.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, with a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction 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 transaction, the director now owns 63,722 shares of the company's stock, valued at approximately $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. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 in the last ninety days. 1.71% of the stock is currently owned by insiders.

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.