Tower Research Capital LLC TRC Acquires 818 Shares of Markel Group Inc. (NYSE:MKL)

Tower Research Capital LLC TRC increased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 435.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,006 shares of the insurance provider's stock after acquiring an additional 818 shares during the period. Tower Research Capital LLC TRC's holdings in Markel Group were worth $1,737,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Davis Selected Advisers raised its stake in shares of Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock worth $639,606,000 after purchasing an additional 80,922 shares during the last quarter. Boston Partners grew its holdings in Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock worth $486,580,000 after buying an additional 42,178 shares in the last quarter. Norges Bank purchased a new stake in Markel Group in the 4th quarter valued at $254,795,000. Dimensional Fund Advisors LP lifted its stake in Markel Group by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 116,664 shares of the insurance provider's stock valued at $201,393,000 after acquiring an additional 1,975 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Markel Group during the 4th quarter worth $169,852,000. Institutional investors own 77.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MKL. Royal Bank of Canada raised 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 research report on Friday, February 7th. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $1,702.20.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 1,146 shares of the business'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 sale, the director now owns 63,722 shares of the company's stock, valued at $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the business'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 acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 2,034 shares of company stock valued at $3,778,952. Company insiders own 1.66% of the company's stock.

Markel Group Price Performance

MKL opened at $1,789.04 on Wednesday. The firm has a market cap of $22.74 billion, a P/E ratio of 8.99 and a beta of 0.70. 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 Inc. has a fifty-two week low of $1,433.06 and a fifty-two week high of $2,063.68. The firm has a 50-day moving average of $1,829.95 and a 200 day moving average of $1,754.99.

Markel Group (NYSE:MKL - Get Free Report) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, research analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

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.

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