Markel Group Inc. (NYSE:MKL) Shares Purchased by Quilter Plc

Quilter Plc increased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,139 shares of the insurance provider's stock after purchasing an additional 2,234 shares during the period. Quilter Plc owned 0.26% of Markel Group worth $57,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Opal Wealth Advisors LLC grew its position in shares of Markel Group by 4.1% in the fourth quarter. Opal Wealth Advisors LLC now owns 253 shares of the insurance provider's stock valued at $437,000 after purchasing an additional 10 shares during the period. Savant Capital LLC grew its position in shares of Markel Group by 2.2% in the fourth quarter. Savant Capital LLC now owns 657 shares of the insurance provider's stock valued at $1,134,000 after purchasing an additional 14 shares during the period. WCM Investment Management LLC purchased a new stake in shares of Markel Group in the fourth quarter valued at $252,000. Entropy Technologies LP grew its position in Markel Group by 74.9% during the fourth quarter. Entropy Technologies LP now owns 654 shares of the insurance provider's stock valued at $1,129,000 after acquiring an additional 280 shares during the period. Finally, Empowered Funds LLC grew its position in Markel Group by 12.0% during the fourth quarter. Empowered Funds LLC now owns 279 shares of the insurance provider's stock valued at $482,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Stock Down 0.2 %

Shares of NYSE MKL traded down $3.24 on Thursday, hitting $1,896.18. The company had a trading volume of 78,835 shares, compared to its average volume of 75,267. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The business has a 50 day moving average of $1,777.65 and a two-hundred day moving average of $1,660.43. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $24.38 billion, a P/E ratio of 9.53 and a beta of 0.78.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts forecast that Markel Group Inc. will post 97.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MKL. Royal Bank of Canada boosted 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 raised Markel Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Markel Group currently has a consensus rating of "Hold" and an average price target of $1,685.17.

Markel Group Company 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.