Quantinno Capital Management LP Increases Stake in Markel Group Inc. (NYSE:MKL)

Quantinno Capital Management LP lifted its stake in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 43.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 906 shares of the insurance provider's stock after purchasing an additional 276 shares during the quarter. Quantinno Capital Management LP's holdings in Markel Group were worth $1,564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. OMERS ADMINISTRATION Corp grew its stake in Markel Group by 19.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 548 shares of the insurance provider's stock valued at $946,000 after acquiring an additional 91 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Markel Group by 15.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96 shares of the insurance provider's stock valued at $166,000 after acquiring an additional 13 shares during the last quarter. Lazard Asset Management LLC grew its stake in Markel Group by 106.1% in the 4th quarter. Lazard Asset Management LLC now owns 237 shares of the insurance provider's stock valued at $408,000 after acquiring an additional 122 shares during the last quarter. Janus Henderson Group PLC grew its stake in Markel Group by 16.0% in the 4th quarter. Janus Henderson Group PLC now owns 16,191 shares of the insurance provider's stock valued at $28,008,000 after acquiring an additional 2,237 shares during the last quarter. Finally, JCP Investment Management LLC acquired a new stake in Markel Group in the 4th quarter valued at about $16,201,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MKL has been the topic of a number of research 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 upped 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 analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, Markel Group presently has an average rating of "Hold" and an average target price of $1,727.75.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 88 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the transaction, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. This represents a 0.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.66% of the stock is owned by insiders.

Markel Group Trading Up 2.4%

NYSE:MKL traded up $45.13 on Tuesday, reaching $1,905.58. The stock had a trading volume of 22,022 shares, compared to its average volume of 50,033. The company has a market cap of $24.17 billion, a price-to-earnings ratio of 9.57 and a beta of 0.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The firm's fifty day moving average is $1,828.61 and its two-hundred day moving average is $1,804.94. Markel Group Inc. has a 12-month low of $1,491.03 and a 12-month high of $2,063.68.

Markel Group Company 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.