2 weeks Ago By ABMN Staff
LPL Financial LLC lifted its stake in shares of Markel Group Inc. ( NYSE:MKL – Free Report ) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 6,164 shares of the insurance provider’s stock after acquiring an additional 453 shares during the quarter. LPL Financial LLC’s holdings in Markel Group were worth $10,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors also recently made changes to their positions in MKL.
Proficio Capital Partners LLC acquired a new stake in Markel Group during the 4th quarter worth about $169,852,000. Davis Selected Advisers grew its stake in Markel Group by 27.9% during the fourth quarter.
Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after purchasing an additional 80,922 shares during the period. Raymond James Financial Inc. bought a new stake in Markel Group in the fourth quarter worth approximately $98,743,000.
Boston Partners lifted its stake in Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock valued at $486,580,000 after buying an additional 42,178 shares during the period.
Finally, Empirical Asset Management LLC bought a new position in shares of Markel Group during the 4th quarter worth approximately $54,173,000. 77.12% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In A number of research firms recently issued reports on MKL. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th.
Royal Bank of Canada lifted 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 note on Friday, February 7th.
One 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, the stock currently has a consensus rating of “Hold” and an average price target of $1,702.
20. Markel Group Price Performance Shares of MKL opened at $1,828.18 on Friday.
The business’s fifty day moving average is $1,870.73 and its 200 day moving average is $1,736.62.
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 quick ratio of 0.60, a current ratio of 0.
60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $23.
35 billion, a P/E ratio of 9.18 and a beta of 0.82.
Markel Group ( NYSE:MKL – Get Free Report ) 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%. Sell-side analysts anticipate that Markel Group Inc.
will post 96.25 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction that occurred on Friday, February 7th.
The shares were bought at an average cost of $2,008.01 per share, with a total value of $200,801.00.
Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This trade represents a 0.
20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, Director Steven A.
Markel sold 88 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 63,436 shares of the company’s stock, 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 .
In the last ninety days, insiders sold 2,034 shares of company stock valued at $3,778,952. Corporate insiders own 1.71% of the company’s stock.
Markel Group Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding MKL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Markel Group Inc. ( NYSE:MKL – Free Report ). Receive News & Ratings for Markel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Group and related companies with MarketBeat.
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