Korea Investment CORP Grows Stock Position in Markel Group Inc. (NYSE:MKL)

Korea Investment CORP increased its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,247 shares of the insurance provider's stock after purchasing an additional 155 shares during the quarter. Korea Investment CORP owned approximately 0.06% of Markel Group worth $14,236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quilter Plc lifted its position in shares of Markel Group by 7.2% during the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider's stock worth $57,206,000 after buying an additional 2,234 shares during the last quarter. Fiduciary Alliance LLC boosted its stake in Markel Group by 25.2% in the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider's stock valued at $3,247,000 after acquiring an additional 379 shares in the last quarter. WCM Investment Management LLC acquired a new position in Markel Group in the fourth quarter valued at $252,000. Franklin Resources Inc. grew its holdings in shares of Markel Group by 10.4% during the third quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock worth $8,736,000 after purchasing an additional 527 shares during the last quarter. Finally, Hudson Value Partners LLC increased its position in shares of Markel Group by 4.8% during the fourth quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider's stock worth $5,764,000 after purchasing an additional 153 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

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Markel Group Stock Performance

Shares of NYSE MKL traded down $26.89 during midday trading on Thursday, reaching $1,852.05. 23,520 shares of the company were exchanged, compared to its average volume of 47,277. The stock has a fifty day simple moving average of $1,870.34 and a 200 day simple moving average of $1,735.98. 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 stock has a market cap of $23.65 billion, a P/E ratio of 9.30 and a beta of 0.82. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results 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%. On average, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of research analyst reports. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada increased their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $1,702.20.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the business's stock in a transaction dated 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 purchase, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven A. Markel sold 800 shares of Markel Group 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 value of $1,485,440.00. Following the completion of the sale, the director now owns 64,868 shares in the company, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is owned by company insiders.

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.