State of Alaska Department of Revenue Has $3.45 Million Stake in Markel Group Inc. (NYSE:MKL)

State of Alaska Department of Revenue lessened its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 29.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,000 shares of the insurance provider's stock after selling 818 shares during the period. State of Alaska Department of Revenue's holdings in Markel Group were worth $3,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Gold Investment Management Ltd. increased its stake in shares of Markel Group by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider's stock worth $1,912,000 after buying an additional 7 shares during the last quarter. Gilbert & Cook Inc. increased its stake in Markel Group by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after purchasing an additional 7 shares during the last quarter. Greenleaf Trust increased its stake in Markel Group by 3.4% during the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock valued at $368,000 after purchasing an additional 7 shares during the last quarter. Freedom Day Solutions LLC increased its stake in Markel Group by 0.5% during the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider's stock valued at $2,326,000 after purchasing an additional 8 shares during the last quarter. Finally, Hunter Associates Investment Management LLC boosted its holdings in shares of Markel Group by 1.1% during the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider's stock valued at $1,170,000 after acquiring an additional 8 shares during the period. Institutional investors own 77.12% of the company's stock.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.71% of the company's stock.

Markel Group Stock Down 2.5 %

Shares of NYSE MKL traded down $48.00 during trading hours on Wednesday, hitting $1,897.59. The stock had a trading volume of 81,350 shares, compared to its average volume of 75,141. The company has a market capitalization of $24.40 billion, a P/E ratio of 9.53 and a beta of 0.78. The firm's 50-day moving average price is $1,774.65 and its two-hundred day moving average price is $1,658.76. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. 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 announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. Analysts anticipate that Markel Group Inc. will post 97.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MKL shares. Royal Bank of Canada boosted their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. TD Cowen downgraded shares of Markel Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com raised shares of Markel Group from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. One 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $1,685.17.

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.