Markel Group Inc. (NYSE:MKL) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,592 shares of the insurance provider’s stock after purchasing an additional 143 shares during the quarter. Xponance Inc.’s holdings in Markel Group were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MKL. Proficio Capital Partners LLC acquired a new stake in shares of Markel Group during the 4th quarter worth approximately $169,852,000. Davis Selected Advisers increased its position in 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 acquiring an additional 80,922 shares during the period. Raymond James Financial Inc. acquired a new stake in Markel Group in the 4th quarter valued at approximately $98,743,000. Boston Partners increased its position in Markel Group by 17.6% in the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock valued at $486,580,000 after acquiring an additional 42,178 shares during the period. Finally, Empirical Asset Management LLC acquired a new stake in Markel Group in the 4th quarter valued at approximately $54,173,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In other news, Director Steven A. Markel sold 1,146 shares of Markel Group 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 transaction, the director now owns 63,722 shares in the company, valued at approximately $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 in the last three months. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Stock Performance

MKL opened at $1,833.40 on Friday. The firm has a market cap of $23.41 billion, a PE ratio of 9.21 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. The business has a fifty day simple moving average of $1,852.81 and a 200-day simple moving average of $1,717.05. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68.

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 the consensus estimate 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 analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MKL. TD Cowen cut 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 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 lifted their price target on 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 equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,702.20.

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.