OLD Mission Capital LLC Invests $3.32 Million in Markel Group Inc. (NYSE:MKL)

OLD Mission Capital LLC purchased a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,921 shares of the insurance provider's stock, valued at approximately $3,316,000.

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

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the transaction, the director now directly owns 64,868 shares of the company's stock, valued at $120,446,902.40. The trade was a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was 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 directly owns 48,945 shares of the company's stock, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MKL shares. Royal Bank of Canada lifted their target price 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 lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $1,702.20.

Markel Group Trading Down 2.7 %

NYSE:MKL traded down $50.76 during mid-day trading on Thursday, hitting $1,828.18. 48,644 shares of the company's stock were exchanged, compared to its average volume of 47,459. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week 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 firm has a market capitalization of $23.35 billion, a P/E ratio of 9.18 and a beta of 0.82. The company has a 50 day simple moving average of $1,870.73 and a 200-day simple moving average of $1,736.62.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 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%. As a group, research analysts expect 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.