denkapparat Operations GmbH Acquires New Position in Markel Group Inc. (NYSE:MKL)

denkapparat Operations GmbH purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 234 shares of the insurance provider’s stock, valued at approximately $404,000.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Markel Group during the fourth quarter worth about $254,795,000. Proficio Capital Partners LLC acquired a new position in Markel Group in the fourth quarter valued at about $169,852,000. Davis Selected Advisers raised its holdings in shares of Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock valued at $639,606,000 after buying an additional 80,922 shares during the period. Raymond James Financial Inc. purchased a new position in Markel Group in the 4th quarter valued at approximately $98,743,000. Finally, Boston Partners increased its stake in shares of 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 during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven A. Markel sold 88 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the sale, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. The trade was a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock worth $3,778,952 over the last ninety days. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Trading Up 0.1 %

Shares of MKL stock opened at $1,870.93 on Friday. The firm has a 50-day moving average price of $1,864.16 and a 200 day moving average price of $1,725.69. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The company has a market capitalization of $23.89 billion, a P/E ratio of 9.40 and a beta of 0.82. 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 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 net margin of 16.34% and a return on equity of 7.55%. Research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on MKL. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada upped 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. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, Markel Group currently has an average rating of “Hold” and an average target price of $1,702.20.

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.