Markel Group Inc. (NYSE:MKL) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 14.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 94,383 shares of the insurance provider's stock after buying an additional 11,654 shares during the quarter. Northern Trust Corp owned about 0.73% of Markel Group worth $162,927,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MKL. Davis Selected Advisers grew its holdings in Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider's stock valued at $639,606,000 after buying an additional 80,922 shares in the last quarter. Boston Partners increased its holdings in shares of 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 during the last quarter. Norges Bank purchased a new stake in shares of Markel Group in the fourth quarter worth about $254,795,000. Van Lanschot Kempen Investment Management N.V. grew its holdings in 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 valued at $209,891,000 after buying an additional 19,657 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Markel Group by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 116,664 shares of the insurance provider's stock worth $201,393,000 after acquiring an additional 1,975 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Markel Group Stock Up 0.9 %

NYSE:MKL traded up $16.67 during mid-day trading on Thursday, hitting $1,894.12. 16,183 shares of the company's stock traded hands, compared to its average volume of 48,959. The company has a fifty day moving average of $1,821.36 and a 200 day moving average of $1,774.06. The company has a market capitalization of $24.03 billion, a P/E ratio of 9.51 and a beta of 0.84. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68. 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 announced its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on MKL shares. StockNews.com 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 increased their price target on 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 assigned a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $1,727.75.

Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 1,146 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the transaction, the director now directly owns 63,722 shares in the company, valued at approximately $118,426,699.78. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,034 shares of company stock worth $3,778,952. 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.