Royal London Asset Management Ltd. Has $10.13 Million Position in Markel Group Inc. (NYSE:MKL)

Royal London Asset Management Ltd. increased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,868 shares of the insurance provider's stock after purchasing an additional 663 shares during the period. Royal London Asset Management Ltd.'s holdings in Markel Group were worth $10,130,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. L.K. Benson & Company P.C. acquired a new position in shares of Markel Group in the 4th quarter valued at $252,000. GM Advisory Group LLC acquired a new position in Markel Group in the fourth quarter worth about $218,000. Harvest Fund Management Co. Ltd bought a new position in Markel Group during the fourth quarter worth about $121,000. Vinva Investment Management Ltd boosted its holdings in Markel Group by 13.6% during the fourth quarter. Vinva Investment Management Ltd now owns 603 shares of the insurance provider's stock valued at $1,040,000 after purchasing an additional 72 shares in the last quarter. Finally, Xponance Inc. grew its stake in shares of Markel Group by 9.9% in the 4th quarter. Xponance Inc. now owns 1,592 shares of the insurance provider's stock valued at $2,748,000 after purchasing an additional 143 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Price Performance

Shares of MKL stock traded down $6.16 during trading hours on Tuesday, hitting $1,863.65. 54,380 shares of the company's stock were exchanged, compared to its average volume of 45,840. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The stock has a market cap of $23.80 billion, a price-to-earnings ratio of 9.36 and a beta of 0.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock's 50-day moving average is $1,859.72 and its 200-day moving average is $1,723.67.

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Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data 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 forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MKL shares. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. TD Cowen downgraded shares of Markel Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada increased their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $1,702.20.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven A. Markel sold 800 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the transaction, the director now directly owns 64,868 shares in the company, valued at approximately $120,446,902.40. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by corporate insiders.

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.