Rathbones Group PLC raised its position in Markel Group Inc. (NYSE:MKL - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,389 shares of the insurance provider's stock after purchasing an additional 321 shares during the quarter. Rathbones Group PLC's holdings in Markel Group were worth $2,398,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Davis Selected Advisers lifted its stake in Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after acquiring an additional 80,922 shares during the last quarter. Boston Partners lifted its position in 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 acquiring an additional 42,178 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock worth $327,131,000 after purchasing an additional 10,254 shares during the period. Norges Bank purchased a new stake in shares of Markel Group in the fourth quarter valued at about $254,795,000. Finally, Proficio Capital Partners LLC purchased a new stake in Markel Group in the 4th quarter valued at approximately $169,852,000. Hedge funds and other institutional investors own 77.12% of the company's stock.
Markel Group Trading Up 0.8 %
MKL stock traded up $15.01 on Monday, hitting $1,786.43. 9,851 shares of the company were exchanged, compared to its average volume of 47,892. The stock has a market capitalization of $22.71 billion, a price-to-earnings ratio of 8.98 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 business's fifty day moving average is $1,855.85 and its two-hundred day moving average is $1,746.69. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68.
Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) 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%. As a group, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.
Insider Activity
In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 88 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the sale, the director now owns 63,436 shares of the company's stock, valued at $117,992,863.08. This trade represents a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada boosted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,702.20.
Check Out Our Latest Report on Markel Group
About Markel Group
(
Free Report)
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.
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