Pensionfund Sabic Buys 300 Shares of Markel Group Inc. (NYSE:MKL)

Pensionfund Sabic grew its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 46.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 950 shares of the insurance provider's stock after purchasing an additional 300 shares during the period. Pensionfund Sabic's holdings in Markel Group were worth $1,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CIBC Asset Management Inc lifted its stake in shares of Markel Group by 2.5% in the 2nd quarter. CIBC Asset Management Inc now owns 446 shares of the insurance provider's stock worth $703,000 after acquiring an additional 11 shares during the period. Savant Capital LLC increased its position in shares of Markel Group by 122.2% during the 2nd quarter. Savant Capital LLC now owns 651 shares of the insurance provider's stock valued at $1,026,000 after purchasing an additional 358 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Markel Group in the second quarter valued at $6,802,000. Acadian Asset Management LLC acquired a new position in Markel Group during the second quarter worth about $353,000. Finally, Caprock Group LLC bought a new stake in Markel Group in the second quarter worth about $893,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Down 0.5 %

Shares of NYSE MKL traded down $9.33 during mid-day trading on Monday, reaching $1,703.75. The company had a trading volume of 76,939 shares, compared to its average volume of 50,680. The stock has a fifty day moving average of $1,703.72 and a two-hundred day moving average of $1,615.48. Markel Group Inc. has a 12-month low of $1,342.66 and a 12-month high of $1,809.11. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 7.86 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts' consensus estimates of $21.97 by ($4.63). The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, equities research analysts expect that Markel Group Inc. will post 86.73 EPS for the current year.

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com raised Markel Group from a "hold" rating to a "buy" rating in a research report on Monday, December 30th. Finally, Royal Bank of Canada dropped their price target on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $1,626.83.

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.