Jefferies Financial Group Inc. Invests $6.14 Million in Markel Group Inc. (NYSE:MKL)

Jefferies Financial Group Inc. acquired a new position in shares of Markel Group Inc. (NYSE:MKL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,558 shares of the insurance provider's stock, valued at approximately $6,142,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new position in Markel Group in the 4th quarter valued at about $37,000. SBI Securities Co. Ltd. purchased a new stake in Markel Group during the fourth quarter worth approximately $36,000. McIlrath & Eck LLC lifted its stake in Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider's stock worth $50,000 after purchasing an additional 26 shares during the last quarter. Private Trust Co. NA lifted its stake in 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 purchasing an additional 6 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in 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 purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Greta J. Harris sold 90 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $1,861.44, for a total value of $167,529.60. Following the completion of the sale, the director now owns 632 shares in the company, valued at approximately $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.66% of the stock is owned by company insiders.

Markel Group Stock Performance

NYSE MKL traded up $28.84 on Friday, reaching $1,938.20. The stock had a trading volume of 221,539 shares, compared to its average volume of 51,052. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68. The business's 50-day moving average price is $1,833.42 and its 200 day moving average price is $1,810.04. The stock has a market cap of $24.59 billion, a P/E ratio of 9.74 and a beta of 0.84.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MKL shares. Argus upgraded Markel Group from a "hold" rating to a "buy" rating in a research note on Friday. Wall Street Zen cut Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada boosted their price objective on 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 analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of "Hold" and a consensus target price 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.