Markel Group Inc. (NYSE:MKL) Holdings Raised by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,771 shares of the insurance provider's stock after buying an additional 4,885 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.57% of Markel Group worth $135,667,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in shares of Markel Group in the third quarter worth about $31,000. Larson Financial Group LLC acquired a new position in Markel Group in the third quarter worth about $36,000. SBI Securities Co. Ltd. bought a new stake in Markel Group in the fourth quarter valued at about $36,000. FPC Investment Advisory Inc. acquired a new stake in Markel Group during the fourth quarter valued at approximately $37,000. Finally, Global Trust Asset Management LLC bought a new position in Markel Group during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the director now directly owns 63,436 shares of the company's stock, valued at approximately $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. In the last quarter, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by company insiders.

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Markel Group Stock Performance

Shares of MKL stock traded down $10.23 during trading hours on Wednesday, reaching $1,816.88. The stock had a trading volume of 47,664 shares, compared to its average volume of 71,597. The firm has a market capitalization of $23.20 billion, a PE ratio of 9.13 and a beta of 0.81. The firm has a 50-day simple moving average of $1,831.27 and a 200-day simple moving average of $1,704.57. 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 debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last released 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%. As a group, equities analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MKL shares. Royal Bank of Canada upped their price target 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. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,685.17.

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.