Mariner LLC Has $6.84 Million Holdings in Markel Group Inc. (NYSE:MKL)

Mariner LLC increased its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 38.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,962 shares of the insurance provider's stock after acquiring an additional 1,106 shares during the period. Mariner LLC's holdings in Markel Group were worth $6,839,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MKL. Giverny Capital Inc. boosted its stake in Markel Group by 1.5% during the 4th quarter. Giverny Capital Inc. now owns 43,331 shares of the insurance provider's stock valued at $74,799,000 after purchasing an additional 647 shares in the last quarter. Barr E S & Co. lifted its holdings in shares of Markel Group by 2.5% in the fourth quarter. Barr E S & Co. now owns 80,853 shares of the insurance provider's stock valued at $139,571,000 after buying an additional 1,957 shares during the period. Synovus Financial Corp boosted its stake in Markel Group by 115.7% during the fourth quarter. Synovus Financial Corp now owns 932 shares of the insurance provider's stock valued at $1,609,000 after buying an additional 500 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in Markel Group during the fourth quarter worth about $233,000. Finally, DRW Securities LLC bought a new stake in Markel Group in the fourth quarter worth about $354,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Markel Group Stock Up 0.8 %

NYSE:MKL traded up $14.29 on Thursday, hitting $1,810.97. 31,245 shares of the company's stock traded hands, compared to its average volume of 49,086. The firm has a 50-day moving average price of $1,828.52 and a 200-day moving average price of $1,755.28. 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 cap of $23.02 billion, a PE ratio of 9.10 and a beta of 0.70. Markel Group Inc. has a 1 year low of $1,433.06 and a 1 year high of $2,063.68.

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

Insider Buying and Selling

In other news, Director Steven A. Markel sold 88 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the sale, the director now directly owns 63,436 shares of the company's stock, valued at $117,992,863.08. This trade represents a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 2,034 shares of company stock worth $3,778,952. Corporate insiders own 1.66% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MKL. Royal Bank of Canada boosted their target price 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. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock 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.