DRW Securities LLC Takes $354,000 Position in Markel Group Inc. (NYSE:MKL)

DRW Securities LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 205 shares of the insurance provider’s stock, valued at approximately $354,000.

A number of other large investors also recently made changes to their positions in the company. Stifel Financial Corp increased its holdings in Markel Group by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 4,567 shares of the insurance provider’s stock valued at $7,164,000 after buying an additional 38 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in Markel Group in the 3rd quarter valued at approximately $278,000. EP Wealth Advisors LLC raised its position in Markel Group by 12.3% during the 3rd quarter. EP Wealth Advisors LLC now owns 173 shares of the insurance provider’s stock worth $271,000 after purchasing an additional 19 shares during the last quarter. National Bank of Canada FI boosted its holdings in Markel Group by 9.5% in the third quarter. National Bank of Canada FI now owns 2,429 shares of the insurance provider’s stock valued at $3,810,000 after acquiring an additional 211 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in shares of Markel Group by 7.0% during the third quarter. Orion Portfolio Solutions LLC now owns 1,595 shares of the insurance provider’s stock worth $2,502,000 after buying an additional 104 shares during the period. Institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

MKL has been the topic of several research reports. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada increased their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and an average price target of $1,702.20.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,759.28 on Friday. The business has a fifty day moving average price of $1,857.24 and a 200-day moving average price of $1,744.02. The company has a market capitalization of $22.47 billion, a PE ratio of 8.84 and a beta of 0.70. Markel Group Inc. has a 1-year low of $1,417.65 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) last posted its 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 net margin of 16.34% and a return on equity of 7.55%. As a group, equities analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 1,146 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the completion of the sale, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. This represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by insiders.

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.