Renaissance Technologies LLC Has $25.62 Million Position in Markel Group Inc. (NYSE:MKL)

Renaissance Technologies LLC decreased its position in Markel Group Inc. (NYSE:MKL - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,841 shares of the insurance provider's stock after selling 380 shares during the period. Renaissance Technologies LLC owned approximately 0.12% of Markel Group worth $25,619,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Markel Group during the fourth quarter valued at approximately $36,000. FPC Investment Advisory Inc. bought a new stake in shares of Markel Group in the 4th quarter worth $37,000. Global Trust Asset Management LLC acquired a new stake in shares of Markel Group in the fourth quarter valued at $41,000. Wilmington Savings Fund Society FSB acquired a new position in Markel Group during the third quarter worth about $42,000. Finally, Private Trust Co. NA lifted 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 acquiring an additional 6 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm's stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Markel sold 1,146 shares of the stock in a transaction 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 transaction, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 in the last 90 days. 1.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MKL has been the topic of a number of research reports. StockNews.com downgraded shares of 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 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. One 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 an average rating of "Hold" and an average target price of $1,702.20.

Markel Group Trading Up 0.2 %

Shares of NYSE:MKL traded up $4.21 during mid-day trading on Friday, hitting $1,767.46. The stock had a trading volume of 223,077 shares, compared to its average volume of 48,824. The company's 50 day moving average is $1,839.25 and its 200-day moving average is $1,749.97. Markel Group Inc. has a 12-month low of $1,420.04 and a 12-month 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. The company has a market cap of $22.47 billion, a PE ratio of 8.88 and a beta of 0.70.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly 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%. On average, sell-side analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

About Markel Group

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.