Markel Group Inc. (NYSE:MKL) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,599 shares of the insurance provider's stock after purchasing an additional 1,295 shares during the quarter. Alliancebernstein L.P. owned about 0.08% of Markel Group worth $18,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MKL. Davis Selected Advisers boosted its holdings in shares of Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after acquiring an additional 80,922 shares in the last quarter. State Street Corp grew its stake in shares of Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider's stock worth $516,391,000 after purchasing an additional 13,372 shares during the period. Boston Partners increased its holdings in shares of Markel Group by 17.6% in the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock valued at $486,580,000 after purchasing an additional 42,178 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider's stock valued at $327,131,000 after purchasing an additional 10,254 shares during the period. Finally, Norges Bank purchased a new stake in Markel Group during the fourth quarter worth about $254,795,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MKL shares. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada increased 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. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $1,702.20.

Insiders Place Their Bets

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company's stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, the chief executive officer now owns 48,945 shares of the company's stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 800 shares of the business's 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 transaction, the director now owns 64,868 shares of the company's stock, valued at $120,446,902.40. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 over the last 90 days. 1.71% of the stock is owned by company insiders.

Markel Group Stock Up 0.4 %

NYSE MKL traded up $6.43 during trading hours on Friday, reaching $1,769.56. 70,878 shares of the company traded hands, compared to its average volume of 48,090. The company has a 50 day moving average of $1,855.85 and a two-hundred day moving average of $1,745.49. The stock has a market capitalization of $22.49 billion, a PE ratio of 8.89 and a beta of 0.70. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last announced 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%. As a group, equities analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Markel Group 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.