WCM Investment Management LLC Purchases New Holdings in Markel Group Inc. (NYSE:MKL)

WCM Investment Management LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 146 shares of the insurance provider's stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also modified their holdings of MKL. Brooklyn Investment Group purchased a new position in shares of Markel Group during the third quarter valued at $31,000. Toth Financial Advisory Corp grew its stake in Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock valued at $35,000 after purchasing an additional 20 shares in the last quarter. Larson Financial Group LLC purchased a new position in Markel Group in the third quarter valued at about $36,000. Global Trust Asset Management LLC purchased a new position in Markel Group in the fourth quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Markel Group in the third quarter valued at about $42,000. Hedge funds and other 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 the business's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, the chief executive officer now owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.71% of the company's stock.

Markel Group Stock Down 1.5 %

Shares of NYSE:MKL traded down $27.90 on Friday, reaching $1,869.04. The company had a trading volume of 66,854 shares, compared to its average volume of 74,985. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68. The stock has a 50-day moving average price of $1,780.38 and a 200 day moving average price of $1,662.06. The stock has a market capitalization of $24.04 billion, a P/E ratio of 9.39 and a beta of 0.78. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly 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 return on equity of 7.55% and a net margin of 16.34%. On average, equities analysts expect that Markel Group Inc. will post 97.92 EPS for the current year.

Analyst Ratings Changes

MKL has been the topic of a number of recent research reports. StockNews.com downgraded Markel Group from a "buy" rating to a "hold" rating in a research note on Friday. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and lowered 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 boosted their target price on Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of "Hold" and a consensus target price of $1,685.17.

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.