Canada Pension Plan Investment Board Has $19.18 Million Stake in Markel Group Inc. (NYSE:MKL)

Canada Pension Plan Investment Board raised its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 26.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,110 shares of the insurance provider's stock after acquiring an additional 2,321 shares during the period. Canada Pension Plan Investment Board owned approximately 0.09% of Markel Group worth $19,178,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Davis Selected Advisers boosted its holdings in shares of 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 purchasing an additional 80,922 shares during the last quarter. Boston Partners raised its position in shares of Markel Group by 17.6% during 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 in the last quarter. Norges Bank acquired a new stake in Markel Group during the fourth quarter worth about $254,795,000. Proficio Capital Partners LLC acquired a new position in shares of Markel Group during the fourth quarter valued at $169,852,000. Finally, Barr E S & Co. boosted its position in shares of Markel Group by 2.5% during the fourth quarter. Barr E S & Co. now owns 80,853 shares of the insurance provider's stock worth $139,571,000 after buying an additional 1,957 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Stock Down 0.2 %

Shares of MKL traded down $3.91 during trading hours on Friday, hitting $1,804.50. 73,564 shares of the company were exchanged, compared to its average volume of 49,304. The firm's 50 day moving average is $1,826.00 and its 200-day moving average is $1,758.78. Markel Group Inc. has a 52 week low of $1,433.06 and a 52 week high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $22.94 billion, a PE ratio of 9.07 and a beta of 0.70.

Markel Group (NYSE:MKL - Get Free Report) last posted its 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 net margin of 16.34% and a return on equity of 7.55%. On average, equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Transactions at Markel Group

In other Markel Group news, Director Steven A. Markel sold 88 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the sale, the director now owns 63,436 shares of the company's stock, valued at $117,992,863.08. The trade was a 0.14 % decrease in their position. 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 dated Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This trade 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 worth $3,778,952 over the last three months. 1.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MKL has been the topic of several research analyst reports. StockNews.com cut Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada raised their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, Markel Group currently has a consensus rating of "Hold" and a consensus target price 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.