Squarepoint Ops LLC boosted its position in Markel Group Inc. (NYSE:MKL - Free Report) by 96.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,198 shares of the insurance provider's stock after purchasing an additional 3,542 shares during the period. Squarepoint Ops LLC owned about 0.06% of Markel Group worth $12,425,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Markel Group in the 4th quarter valued at approximately $36,000. FPC Investment Advisory Inc. purchased a new position in Markel Group in the fourth quarter worth $37,000. Global Trust Asset Management LLC acquired a new stake in Markel Group in the fourth quarter valued at $41,000. Private Trust Co. NA boosted its position in shares of Markel Group by 23.1% during the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock worth $55,000 after purchasing an additional 6 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Markel Group by 140.0% during the 4th quarter. Assetmark Inc. now owns 36 shares of the insurance provider's stock worth $62,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 77.12% of the company's stock.
Insiders Place Their Bets
In other news, Director Steven A. Markel sold 1,146 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the sale, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.66% of the stock is currently owned by company insiders.
Markel Group Trading Down 0.3%
NYSE:MKL opened at $1,859.10 on Friday. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $1,828.19 and a 200-day simple moving average of $1,799.18. The company has a market capitalization of $23.58 billion, a PE ratio of 9.34 and a beta of 0.84.
Wall Street Analysts Forecast Growth
MKL has been the subject of several recent analyst reports. Wall Street Zen cut shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada increased their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $1,727.75.
Get Our Latest Research Report on MKL
About Markel Group
(
Free Report)
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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