Blair William & Co. IL Has $17.77 Million Position in Markel Group Inc. (NYSE:MKL)

Blair William & Co. IL lifted its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,294 shares of the insurance provider's stock after buying an additional 999 shares during the quarter. Blair William & Co. IL owned approximately 0.08% of Markel Group worth $17,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Trust Co. NA increased its holdings in Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after purchasing an additional 6 shares in the last quarter. Wellington Shields & Co. LLC boosted its position in shares of Markel Group by 4.3% in the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock worth $250,000 after buying an additional 6 shares during the period. Gilbert & Cook Inc. grew its stake in shares of Markel Group by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after buying an additional 7 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Markel Group by 3.4% during the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock valued at $368,000 after buying an additional 7 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in Markel Group by 1.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after acquiring an additional 7 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MKL shares. Royal Bank of Canada boosted their price objective on shares of 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. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $1,702.20.

Markel Group Stock Performance

Shares of NYSE MKL traded up $8.27 during midday trading on Wednesday, reaching $1,868.12. 9,885 shares of the company traded hands, compared to its average volume of 47,188. The stock has a 50-day moving average price of $1,868.92 and a 200 day moving average price of $1,734.96. The company has a market cap of $23.86 billion, a price-to-earnings ratio of 9.38 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. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 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%. Sell-side analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 1,146 shares of the firm's stock in a transaction that occurred 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the business's stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 2,034 shares of company stock valued at $3,778,952 in the last quarter. Insiders own 1.71% of the company's stock.

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.