Ieq Capital LLC Has $763,000 Stake in Markel Group Inc. (NYSE:MKL)

Ieq Capital LLC raised its position in Markel Group Inc. (NYSE:MKL) by 109.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 442 shares of the insurance provider’s stock after purchasing an additional 231 shares during the period. Ieq Capital LLC’s holdings in Markel Group were worth $763,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MKL. Allspring Global Investments Holdings LLC increased its position in shares of Markel Group by 136.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,119 shares of the insurance provider’s stock valued at $3,324,000 after acquiring an additional 1,223 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Markel Group by 39.2% in the third quarter. Private Advisor Group LLC now owns 597 shares of the insurance provider’s stock valued at $936,000 after acquiring an additional 168 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Markel Group by 156,757.1% in the third quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after acquiring an additional 10,973 shares during the last quarter. Dakota Wealth Management increased its position in shares of Markel Group by 6.8% in the third quarter. Dakota Wealth Management now owns 252 shares of the insurance provider’s stock valued at $395,000 after acquiring an additional 16 shares during the last quarter. Finally, Forsta AP Fonden increased its position in shares of Markel Group by 15.0% in the third quarter. Forsta AP Fonden now owns 1,840 shares of the insurance provider’s stock valued at $2,886,000 after acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity at Markel Group

In related news, CEO Thomas Sinnickson Gayner purchased 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, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven A. Markel sold 800 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the transaction, the director now owns 64,868 shares of the company’s stock, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price target 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. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Trading Up 2.1 %

Shares of NYSE:MKL opened at $1,888.12 on Wednesday. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The stock has a market cap of $24.28 billion, a PE ratio of 9.49 and a beta of 0.78. The business has a 50 day moving average of $1,795.94 and a 200-day moving average of $1,678.01. 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) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (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%. As a group, equities research analysts forecast that Markel Group Inc. will post 96.25 earnings per share 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.