Deutsche Bank AG Increases Stock Holdings in Markel Group Inc. (NYSE:MKL)

Deutsche Bank AG grew its position in Markel Group Inc. (NYSE:MKL - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,709 shares of the insurance provider's stock after buying an additional 2,433 shares during the quarter. Deutsche Bank AG owned 0.22% of Markel Group worth $47,832,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Markel Group in the 4th quarter valued at approximately $37,000. SBI Securities Co. Ltd. purchased a new stake in Markel Group in the 4th quarter valued at approximately $36,000. Global Trust Asset Management LLC purchased a new stake in shares of Markel Group during the fourth quarter worth about $41,000. Private Trust Co. NA grew its holdings in shares of Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after buying an additional 6 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Markel Group by 140.0% during the fourth quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock worth $62,000 after buying an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Insider Activity

In related news, Director Steven A. Markel sold 88 shares of the firm's stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 2,034 shares of company stock valued at $3,778,952 in the last ninety days. Company insiders own 1.66% of the company's stock.

Markel Group Stock Down 0.2%

Shares of NYSE MKL opened at $1,914.52 on Wednesday. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68. The firm has a fifty day moving average of $1,821.82 and a 200-day moving average of $1,784.58. The stock has a market capitalization of $24.29 billion, a PE ratio of 9.62 and a beta of 0.84. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

MKL has been the subject of a number of recent research reports. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a 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 stock a "sector perform" rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $1,727.75.

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.

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