Xponance Inc. Buys 143 Shares of Markel Group Inc. (NYSE:MKL)

Xponance Inc. lifted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,592 shares of the insurance provider's stock after buying an additional 143 shares during the period. Xponance Inc.'s holdings in Markel Group were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group bought a new stake in shares of Markel Group during the 3rd quarter valued at $31,000. FPC Investment Advisory Inc. bought a new stake in Markel Group during the fourth quarter worth about $37,000. SBI Securities Co. Ltd. acquired a new stake in Markel Group during the fourth quarter worth about $36,000. Larson Financial Group LLC bought a new position in Markel Group in the 3rd quarter valued at about $36,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Markel Group in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Insider Activity

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business's 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 completion of the transaction, the chief executive officer now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the transaction, the director now directly owns 64,868 shares of the company's stock, 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. Over the last three months, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of 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 cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $1,702.20.

Markel Group Price Performance

MKL stock traded down $6.16 during trading on Tuesday, reaching $1,863.65. 54,380 shares of the company were exchanged, compared to its average volume of 45,873. The company has a market capitalization of $23.80 billion, a price-to-earnings ratio of 9.36 and a beta of 0.82. 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 company has a 50-day moving average of $1,859.72 and a two-hundred day moving average of $1,723.67. 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 announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.