National Bank of Canada FI Has $4.67 Million Holdings in Markel Group Inc. (NYSE:MKL)

National Bank of Canada FI increased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,707 shares of the insurance provider's stock after buying an additional 278 shares during the period. National Bank of Canada FI's holdings in Markel Group were worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in MKL. Roundview Capital LLC raised its holdings in Markel Group by 0.5% in the 4th quarter. Roundview Capital LLC now owns 4,347 shares of the insurance provider's stock valued at $7,504,000 after acquiring an additional 20 shares in the last quarter. HighPoint Advisor Group LLC raised its stake in Markel Group by 7.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 264 shares of the insurance provider's stock valued at $456,000 after purchasing an additional 18 shares in the last quarter. Cannell & Spears LLC raised its stake in Markel Group by 0.6% in the fourth quarter. Cannell & Spears LLC now owns 1,903 shares of the insurance provider's stock valued at $3,285,000 after purchasing an additional 11 shares in the last quarter. Alliancebernstein L.P. lifted its position in Markel Group by 13.9% during the fourth quarter. Alliancebernstein L.P. now owns 10,599 shares of the insurance provider's stock worth $18,296,000 after purchasing an additional 1,295 shares during the period. Finally, Inkwell Capital LLC acquired a new stake in Markel Group during the fourth quarter worth about $4,745,000. 77.12% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business's stock in a transaction dated Friday, February 7th. The shares were bought 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 approximately $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 Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Markel sold 88 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the sale, the director now owns 63,436 shares of the company's stock, valued at $117,992,863.08. The trade was a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 in the last 90 days. Insiders own 1.71% of the company's stock.

Wall Street Analysts Forecast Growth

MKL has been the subject of several analyst reports. Royal Bank of Canada boosted their target price 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 downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report 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 MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $1,702.20.

Markel Group Price Performance

Shares of MKL traded up $6.43 during mid-day trading on Friday, reaching $1,769.56. The company had a trading volume of 70,878 shares, compared to its average volume of 48,090. The company's 50 day simple moving average is $1,855.85 and its 200 day simple moving average is $1,745.49. The company has a market capitalization of $22.49 billion, a price-to-earnings ratio of 8.89 and a beta of 0.70. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. Analysts expect that Markel Group Inc. will post 96.25 EPS for the current 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.