Parallel Advisors LLC Increases Stake in Markel Group Inc. (NYSE:MKL)

Parallel Advisors LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,598 shares of the insurance provider’s stock after acquiring an additional 34 shares during the quarter. Parallel Advisors LLC’s holdings in Markel Group were worth $4,485,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Davis Selected Advisers grew its holdings in Markel Group by 27.9% in the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock valued at $639,606,000 after purchasing an additional 80,922 shares during the period. State Street Corp grew its holdings in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares during the period. Geode Capital Management LLC grew its holdings in Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after purchasing an additional 10,254 shares during the period. Proficio Capital Partners LLC acquired a new stake in Markel Group in the fourth quarter valued at approximately $169,852,000. Finally, Jennison Associates LLC grew its holdings in Markel Group by 9.9% in the fourth quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock valued at $135,915,000 after purchasing an additional 7,102 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Steven A. Markel sold 88 shares of Markel Group 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 transaction, the director now owns 63,436 shares in the company, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by corporate insiders.

Markel Group Stock Performance

Shares of NYSE:MKL opened at $1,860.89 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50 day moving average price is $1,841.01 and its 200-day moving average price is $1,711.83. The firm has a market capitalization of $23.76 billion, a PE ratio of 9.35 and a beta of 0.82. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68.

Markel Group (NYSE:MKL) last issued its quarterly earnings results 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 expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MKL has been the topic of several research analyst reports. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a 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 stock a “sector perform” rating in a research note 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.