Mitsubishi UFJ Asset Management Co. Ltd. Acquires 727 Shares of Markel Group Inc. (NYSE:MKL)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,332 shares of the insurance provider's stock after purchasing an additional 727 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Markel Group worth $15,986,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Markel Group in the fourth quarter worth $36,000. FPC Investment Advisory Inc. acquired a new position in shares of Markel Group during the 4th quarter worth about $37,000. Global Trust Asset Management LLC acquired a new position in shares of Markel Group during the 4th quarter worth about $41,000. Wilmington Savings Fund Society FSB bought a new position in shares of Markel Group in the 3rd quarter valued at about $42,000. Finally, Quarry LP increased its position in shares of Markel Group by 3,000.0% in the third quarter. Quarry LP now owns 31 shares of the insurance provider's stock valued at $49,000 after acquiring an additional 30 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

NYSE:MKL traded down $50.76 on Thursday, hitting $1,828.18. The company's stock had a trading volume of 48,644 shares, compared to its average volume of 47,372. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The firm has a market capitalization of $23.35 billion, a P/E ratio of 9.18 and a beta of 0.82. The stock has a fifty day moving average of $1,870.34 and a two-hundred day moving average of $1,735.98. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

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Markel Group (NYSE:MKL - Get Free Report) last posted 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%. Research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insider Transactions at Markel Group

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

Analysts Set New Price Targets

A number of research analysts have weighed in on MKL shares. Royal Bank of Canada raised 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 note on Friday, February 7th. StockNews.com cut shares of 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 five have given a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $1,702.20.

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.