Natixis Advisors LLC Increases Stock Holdings in Markel Group Inc. (NYSE:MKL)

Natixis Advisors LLC raised its position in Markel Group Inc. (NYSE:MKL - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,050 shares of the insurance provider's stock after buying an additional 427 shares during the quarter. Natixis Advisors LLC owned about 0.10% of Markel Group worth $22,527,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MKL. Private Trust Co. NA increased its stake in shares of Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after acquiring an additional 6 shares during the period. Wellington Shields & Co. LLC increased its position in Markel Group by 4.3% during the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider's stock worth $250,000 after purchasing an additional 6 shares during the period. Gilbert & Cook Inc. raised its stake in shares of Markel Group by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock worth $739,000 after buying an additional 7 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Markel Group by 3.4% in the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock valued at $368,000 after buying an additional 7 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Markel Group by 1.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock valued at $810,000 after buying an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

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Insider Activity at Markel Group

In other news, Director Steven A. Markel sold 88 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the sale, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. This represents a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MKL shares. Royal Bank of Canada increased their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Markel Group presently has a consensus rating of "Hold" and an average target price of $1,702.20.

Markel Group Price Performance

Shares of NYSE:MKL traded down $14.07 during midday trading on Friday, hitting $1,833.40. 54,203 shares of the stock were exchanged, compared to its average volume of 45,691. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve 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. The company has a 50 day moving average price of $1,849.38 and a 200-day moving average price of $1,715.44. The stock has a market cap of $23.41 billion, a P/E ratio of 9.21 and a beta of 0.82.

Markel Group (NYSE:MKL - Get Free Report) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. On average, research analysts forecast 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.