Saybrook Capital NC Makes New Investment in Markel Group Inc. (NYSE:MKL)

Saybrook Capital NC purchased a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 200 shares of the insurance provider's stock, valued at approximately $345,000.

A number of other large investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in Markel Group by 134.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,192 shares of the insurance provider's stock worth $1,870,000 after acquiring an additional 683 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Markel Group by 5.9% in the third quarter. QRG Capital Management Inc. now owns 269 shares of the insurance provider's stock valued at $422,000 after acquiring an additional 15 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Markel Group by 3.8% during the third quarter. Concurrent Investment Advisors LLC now owns 462 shares of the insurance provider's stock worth $725,000 after acquiring an additional 17 shares during the period. Summit Global Investments acquired a new position in shares of Markel Group during the third quarter worth about $726,000. Finally, SpiderRock Advisors LLC raised its holdings in Markel Group by 199.4% during the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider's stock worth $742,000 after purchasing an additional 315 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company's stock in a transaction dated 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 purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Steven A. Markel sold 1,146 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the sale, the director now directly owns 63,722 shares in the company, valued at approximately $118,426,699.78. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 in the last three months. Corporate insiders own 1.71% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have weighed in on MKL. TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada upped their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, Markel Group presently has an average rating of "Hold" and a consensus price target of $1,685.17.

Markel Group Price Performance

Shares of NYSE:MKL traded up $3.49 during trading on Thursday, hitting $1,819.62. 37,088 shares of the stock were exchanged, compared to its average volume of 70,877. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The company has a market cap of $23.24 billion, a PE ratio of 9.14 and a beta of 0.81. The company has a fifty day moving average price of $1,833.08 and a two-hundred day moving average price of $1,705.36. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last posted its 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%. On average, analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

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.