The Manufacturers Life Insurance Company Has $2.74 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

The Manufacturers Life Insurance Company increased its position in shares of Markel Group Inc. (NYSE:MKL) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,586 shares of the insurance provider’s stock after buying an additional 29 shares during the period. The Manufacturers Life Insurance Company’s holdings in Markel Group were worth $2,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Markel Group in the third quarter valued at about $42,000. Franklin Resources Inc. lifted its holdings in shares of Markel Group by 10.4% during the third quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after buying an additional 527 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Markel Group by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 55 shares of the insurance provider’s stock worth $95,000 after acquiring an additional 11 shares during the last quarter. Nordea Investment Management AB increased its position in Markel Group by 4.2% during the fourth quarter. Nordea Investment Management AB now owns 958 shares of the insurance provider’s stock worth $1,657,000 after acquiring an additional 39 shares during the period. Finally, Baker Tilly Wealth Management LLC raised its stake in Markel Group by 7.3% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 264 shares of the insurance provider’s stock valued at $456,000 after purchasing an additional 18 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Markel Group

In related news, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the completion of the transaction, the director now directly owns 63,722 shares of the company’s stock, valued at $118,426,699.78. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 in the last 90 days. 1.66% of the stock is owned by corporate insiders.

Markel Group Price Performance

NYSE:MKL opened at $1,903.48 on Friday. The company has a market capitalization of $24.15 billion, a price-to-earnings ratio of 9.56 and a beta of 0.84. The company has a 50-day moving average of $1,821.38 and a 200-day moving average of $1,778.22. Markel Group Inc. has a 52 week low of $1,491.03 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) last released its quarterly earnings data 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%. As a group, equities research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on MKL shares. Royal Bank of Canada boosted 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 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. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,727.75.

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.