Canerector Inc. Acquires Shares of 5,600 Markel Group Inc. (NYSE:MKL)

Canerector Inc. bought a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,600 shares of the insurance provider's stock, valued at approximately $9,667,000. Markel Group comprises about 15.1% of Canerector Inc.'s investment portfolio, making the stock its 4th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Quilter Plc boosted its position in Markel Group by 7.2% in the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider's stock valued at $57,206,000 after buying an additional 2,234 shares during the period. Royal Bank of Canada boosted its position in Markel Group by 14.5% in the 4th quarter. Royal Bank of Canada now owns 49,144 shares of the insurance provider's stock valued at $84,833,000 after buying an additional 6,241 shares during the period. WCM Investment Management LLC purchased a new position in Markel Group in the 4th quarter valued at approximately $252,000. Korea Investment CORP boosted its position in Markel Group by 1.9% in the 4th quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider's stock valued at $14,236,000 after buying an additional 155 shares during the period. Finally, Hudson Value Partners LLC boosted its position in Markel Group by 4.8% in the 4th quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider's stock valued at $5,764,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 77.12% of the company's stock.

Insider Buying and Selling

In related news, Director Greta J. Harris sold 90 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the completion of the transaction, the director now owns 632 shares of the company's stock, valued at approximately $1,176,430.08. This represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on MKL shares. Wall Street Zen cut 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 objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $1,727.75.

Markel Group Stock Performance

NYSE MKL traded up $11.34 during trading on Thursday, reaching $1,910.66. The company's stock had a trading volume of 50,569 shares, compared to its average volume of 50,265. 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 firm has a market cap of $24.24 billion, a price-to-earnings ratio of 9.60 and a beta of 0.84. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. The business's fifty day moving average price is $1,831.12 and its 200-day moving average price is $1,806.29.

About Markel Group

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.