Brevan Howard Capital Management LP Boosts Stake in Markel Group Inc. (NYSE:MKL)

Brevan Howard Capital Management LP boosted its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 232.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,244 shares of the insurance provider's stock after buying an additional 1,569 shares during the quarter. Brevan Howard Capital Management LP's holdings in Markel Group were worth $3,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Markel Group during the third quarter worth $42,000. Synovus Financial Corp boosted its holdings in shares of Markel Group by 20.7% during the 3rd quarter. Synovus Financial Corp now owns 432 shares of the insurance provider's stock valued at $678,000 after acquiring an additional 74 shares in the last quarter. Franklin Resources Inc. grew its position in Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider's stock worth $8,736,000 after acquiring an additional 527 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Markel Group by 29.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 24,906 shares of the insurance provider's stock worth $39,067,000 after purchasing an additional 5,595 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Markel Group by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 55 shares of the insurance provider's stock valued at $95,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Markel Group Stock Up 1.2 %

NYSE MKL traded up $22.79 on Friday, hitting $1,903.48. 51,436 shares of the company were exchanged, compared to its average volume of 49,230. Markel Group Inc. has a 12 month low of $1,491.03 and a 12 month high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $24.15 billion, a PE ratio of 9.56 and a beta of 0.84. The stock has a fifty day moving average of $1,820.67 and a 200-day moving average of $1,776.03.

Markel Group (NYSE:MKL - Get Free Report) last issued its 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 net margin of 16.34% and a return on equity of 7.55%. As a group, analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Royal Bank of Canada boosted 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 note on Friday, February 7th. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $1,727.75.

Insider Buying and Selling at Markel Group

In related news, Director Steven A. Markel sold 88 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 2,034 shares of company stock valued at $3,778,952. Company insiders own 1.66% of the company's stock.

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.