Hsbc Holdings PLC Has $30.45 Million Stake in Markel Group Inc. (NYSE:MKL)

Hsbc Holdings PLC increased its position in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 26.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,623 shares of the insurance provider's stock after buying an additional 3,694 shares during the quarter. Hsbc Holdings PLC owned about 0.14% of Markel Group worth $30,445,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MKL. Beacon Investment Advisors LLC increased its holdings in shares of Markel Group by 4.9% in the fourth quarter. Beacon Investment Advisors LLC now owns 320 shares of the insurance provider's stock valued at $552,000 after purchasing an additional 15 shares during the period. Canal Capital Management LLC acquired a new stake in Markel Group in the 4th quarter valued at about $268,000. Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Markel Group by 19.3% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider's stock worth $209,891,000 after purchasing an additional 19,657 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in Markel Group by 164.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 315 shares of the insurance provider's stock worth $544,000 after buying an additional 196 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Markel Group by 435.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,006 shares of the insurance provider's stock valued at $1,737,000 after purchasing an additional 818 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 88 shares of Markel Group 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 sale, the director now owns 63,436 shares in the company, valued at approximately $117,992,863.08. This represents a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock worth $3,778,952 over the last 90 days. Insiders own 1.66% of the company's stock.

Markel Group Stock Up 0.7 %

Shares of NYSE MKL traded up $13.41 during midday trading on Thursday, reaching $1,832.01. 20,764 shares of the company's stock were exchanged, compared to its average volume of 49,368. The business's fifty day moving average price is $1,824.00 and its two-hundred day moving average price is $1,764.15. Markel Group Inc. has a 52-week low of $1,449.35 and a 52-week high of $2,063.68. The stock has a market capitalization of $23.29 billion, a PE ratio of 9.20 and a beta of 0.70. 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 (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on MKL. Royal Bank of Canada increased their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat, Markel Group currently has a consensus rating of "Hold" and an average target price of $1,702.20.

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.