Davidson Kahn Capital Management LLC Buys New Stake in Markel Group Inc. (NYSE:MKL)

Davidson Kahn Capital Management LLC acquired a new position in Markel Group Inc. (NYSE:MKL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,923 shares of the insurance provider's stock, valued at approximately $3,320,000. Markel Group accounts for approximately 3.1% of Davidson Kahn Capital Management LLC's holdings, making the stock its 9th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Boyar Asset Management Inc. increased its stake in Markel Group by 3.5% in the 4th quarter. Boyar Asset Management Inc. now owns 351 shares of the insurance provider's stock worth $606,000 after acquiring an additional 12 shares during the last quarter. Voleon Capital Management LP purchased a new stake in shares of Markel Group in the 4th quarter worth $1,039,000. Northern Trust Corp grew its holdings in Markel Group by 14.1% during the 4th quarter. Northern Trust Corp now owns 94,383 shares of the insurance provider's stock worth $162,927,000 after acquiring an additional 11,654 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Markel Group by 1.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,586 shares of the insurance provider's stock valued at $2,738,000 after buying an additional 29 shares during the period. Finally, Beacon Pointe Advisors LLC increased its holdings in shares of Markel Group by 1.4% in the 4th quarter. Beacon Pointe Advisors LLC now owns 2,105 shares of the insurance provider's stock valued at $3,634,000 after acquiring an additional 29 shares during the period. Institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

MKL has been the topic of a number of research analyst reports. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada upped 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 investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $1,727.75.

Markel Group Stock Down 0.5 %

MKL traded down $9.71 on Monday, hitting $1,867.27. 37,594 shares of the company were exchanged, compared to its average volume of 49,130. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. The firm has a 50-day moving average price of $1,823.35 and a two-hundred day moving average price of $1,770.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $23.73 billion, a price-to-earnings ratio of 9.38 and a beta of 0.70.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (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%. On average, equities analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Steven A. Markel sold 800 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the transaction, the director now directly owns 64,868 shares of the company's stock, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 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. In the last 90 days, insiders have sold 2,034 shares of company stock worth $3,778,952. Company insiders own 1.66% of the company's stock.

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.