American Century Companies Inc. Has $27.51 Million Position in Markel Group Inc. (NYSE:MKL)

American Century Companies Inc. grew its position in Markel Group Inc. (NYSE:MKL - Free Report) by 21.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,938 shares of the insurance provider's stock after purchasing an additional 2,854 shares during the period. American Century Companies Inc. owned approximately 0.12% of Markel Group worth $27,513,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fi3 FINANCIAL ADVISORS LLC increased its stake in shares of Markel Group by 2.5% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 705 shares of the insurance provider's stock valued at $1,217,000 after acquiring an additional 17 shares during the period. Virtu Financial LLC acquired a new position in Markel Group during the fourth quarter valued at $697,000. TD Private Client Wealth LLC increased its holdings in shares of Markel Group by 5.6% in the 4th quarter. TD Private Client Wealth LLC now owns 882 shares of the insurance provider's stock valued at $1,523,000 after purchasing an additional 47 shares during the period. HUB Investment Partners LLC acquired a new position in Markel Group in the 4th quarter valued at approximately $587,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of Markel Group by 967.2% during the fourth quarter. Teacher Retirement System of Texas now owns 16,563 shares of the insurance provider's stock worth $28,592,000 after acquiring an additional 15,011 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Insider Transactions at Markel Group

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,034 shares of company stock valued at $3,778,952. Corporate insiders own 1.71% of the company's stock.

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Markel Group Stock Performance

MKL traded up $20.94 during trading on Wednesday, reaching $1,880.79. 39,484 shares of the company's stock were exchanged, compared to its average volume of 47,367. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $1,870.34 and a 200 day moving average price of $1,735.98. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The company has a market capitalization of $24.02 billion, a P/E ratio of 9.45 and a beta of 0.82.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company 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 report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $1,702.20.

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.