Markel Group Inc. (NYSE:MKL) Shares Purchased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC grew its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,936 shares of the insurance provider's stock after purchasing an additional 555 shares during the quarter. Frontier Capital Management Co. LLC's holdings in Markel Group were worth $10,247,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MKL. Davis Selected Advisers increased its holdings in shares of Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after acquiring an additional 80,922 shares during the period. Boston Partners raised its holdings in Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider's stock worth $486,580,000 after purchasing an additional 42,178 shares in the last quarter. Norges Bank purchased a new stake in shares of Markel Group during the fourth quarter valued at about $254,795,000. Bank of America Corp DE boosted its holdings in shares of Markel Group by 0.7% in the 4th quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider's stock valued at $243,393,000 after buying an additional 915 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in shares of Markel Group by 19.3% in 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 buying an additional 19,657 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Performance

Markel Group stock traded down $4.19 during midday trading on Tuesday, hitting $1,914.52. 73,831 shares of the company were exchanged, compared to its average volume of 49,441. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68. The firm has a market capitalization of $24.29 billion, a PE ratio of 9.62 and a beta of 0.84. The business has a fifty day simple moving average of $1,821.51 and a two-hundred day simple moving average of $1,783.67. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Insider Transactions at Markel Group

In other Markel Group news, Director Steven A. Markel sold 88 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the sale, the director now directly owns 63,436 shares of the company's stock, valued at $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 is available through this hyperlink. Insiders have sold 2,034 shares of company stock valued at $3,778,952 in the last 90 days. 1.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on MKL. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada raised their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $1,727.75.

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.