Royal Bank of Canada boosted its position in Markel Group Inc. (NYSE:MKL - Free Report) by 14.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 49,144 shares of the insurance provider's stock after acquiring an additional 6,241 shares during the period. Royal Bank of Canada owned about 0.38% of Markel Group worth $84,833,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockbridge Capital Management LLC acquired a new position in shares of Markel Group in the 4th quarter valued at $24,834,000. Quantinno Capital Management LP boosted its holdings in shares of Markel Group by 43.8% in the 4th quarter. Quantinno Capital Management LP now owns 906 shares of the insurance provider's stock valued at $1,564,000 after purchasing an additional 276 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in shares of 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 purchasing an additional 91 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 purchasing an additional 13 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 122 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Markel Group news, Director Steven A. Markel sold 88 shares of the business's stock in a transaction 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 $117,992,863.08. The trade was a 0.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.66% of the stock is owned by corporate insiders.
Markel Group Stock Down 0.0%
Markel Group stock traded down $0.77 during trading on Friday, reaching $1,858.49. 39,950 shares of the company's stock were exchanged, compared to its average volume of 50,140. The company's 50-day moving average is $1,828.48 and its two-hundred day moving average is $1,803.47. 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 52-week low of $1,491.03 and a 52-week high of $2,063.68. The firm has a market cap of $23.57 billion, a price-to-earnings ratio of 9.34 and a beta of 0.84.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Royal Bank of Canada lifted their price target 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. Wall Street Zen lowered shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, Markel Group presently has a consensus rating of "Hold" and an average target price of $1,727.75.
Read Our Latest Stock Report on Markel Group
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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