Trust Point Inc. Buys New Position in Markel Group Inc. (NYSE:MKL)

Trust Point Inc. acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 402 shares of the insurance provider's stock, valued at approximately $694,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKL. Cubist Systematic Strategies LLC bought a new position in shares of Markel Group in the second quarter valued at $65,000. Cetera Investment Advisers grew its stake in shares of Markel Group by 16.0% in the second quarter. Cetera Investment Advisers now owns 1,453 shares of the insurance provider's stock valued at $2,289,000 after buying an additional 200 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Markel Group in the second quarter valued at $2,803,000. Blue Zone Wealth Advisors LLC grew its stake in shares of Markel Group by 3.1% in the third quarter. Blue Zone Wealth Advisors LLC now owns 2,296 shares of the insurance provider's stock valued at $3,601,000 after buying an additional 68 shares in the last quarter. Finally, Atomi Financial Group Inc. bought a new position in shares of Markel Group in the third quarter valued at $428,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MKL has been the subject of several analyst reports. TD Cowen cut shares of Markel Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com raised shares of Markel Group from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Royal Bank of Canada lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $1,685.17.

Markel Group Price Performance

MKL stock traded down $32.32 during midday trading on Friday, reaching $2,027.51. The company had a trading volume of 101,636 shares, compared to its average volume of 74,189. The company has a market capitalization of $26.07 billion, a price-to-earnings ratio of 10.19 and a beta of 0.78. The stock has a 50 day moving average price of $1,766.15 and a 200-day moving average price of $1,652.20. Markel Group Inc. has a 1-year low of $1,405.11 and a 1-year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL - Get Free Report) last issued its 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 return on equity of 7.55% and a net margin of 16.34%. Equities research analysts expect that Markel Group Inc. will post 97.92 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.71% of the company's stock.

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.