Mraz Amerine & Associates Inc. lifted its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,660 shares of the insurance provider's stock after buying an additional 171 shares during the period. Markel Group makes up approximately 5.7% of Mraz Amerine & Associates Inc.'s holdings, making the stock its 6th largest holding. Mraz Amerine & Associates Inc. owned about 0.15% of Markel Group worth $32,211,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC lifted its position in Markel Group by 16.3% in the third quarter. CWM LLC now owns 250 shares of the insurance provider's stock valued at $392,000 after purchasing an additional 35 shares during the last quarter. Creative Planning increased its stake in shares of Markel Group by 10.9% in the third quarter. Creative Planning now owns 5,584 shares of the insurance provider's stock worth $8,759,000 after buying an additional 549 shares during the period. Bleakley Financial Group LLC raised its holdings in Markel Group by 22.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 231 shares of the insurance provider's stock valued at $362,000 after buying an additional 42 shares during the last quarter. Blue Trust Inc. boosted its position in Markel Group by 78.9% during the 3rd quarter. Blue Trust Inc. now owns 195 shares of the insurance provider's stock valued at $307,000 after buying an additional 86 shares during the period. Finally, Raymond James & Associates grew its holdings in Markel Group by 5.9% in the 3rd quarter. Raymond James & Associates now owns 30,015 shares of the insurance provider's stock worth $47,081,000 after acquiring an additional 1,681 shares during the last quarter. Institutional investors own 77.12% of the company's stock.
Markel Group Stock Down 0.9 %
Markel Group stock traded down $16.16 during trading hours on Friday, hitting $1,837.64. 62,542 shares of the stock traded hands, compared to its average volume of 74,225. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The firm's 50-day moving average price is $1,791.50 and its two-hundred day moving average price is $1,670.99. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $23.63 billion, a PE ratio of 9.23 and a beta of 0.78.
Markel Group (NYSE:MKL - Get Free Report) last released its earnings results 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 net margin of 16.34% and a return on equity of 7.55%. On average, research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Royal Bank of Canada upped 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 note on Friday, February 7th. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $1,685.17.
Read Our Latest Analysis on Markel Group
Insider Buying and Selling at Markel Group
In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 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, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.71% of the company's stock.
Markel Group Profile
(
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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