Quilter Plc Boosts Stock Position in Markel Group Inc. (NYSE:MKL)

Quilter Plc grew its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,838 shares of the insurance provider's stock after acquiring an additional 4,262 shares during the period. Quilter Plc owned about 0.16% of Markel Group worth $29,588,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Asset Dedication LLC boosted its holdings in Markel Group by 72.7% in the 2nd quarter. Asset Dedication LLC now owns 19 shares of the insurance provider's stock worth $26,000 after buying an additional 8 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its position in shares of Markel Group by 150.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider's stock worth $29,000 after purchasing an additional 12 shares in the last quarter. Blue Trust Inc. raised its stake in Markel Group by 133.3% in the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider's stock valued at $31,000 after purchasing an additional 12 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Markel Group in the second quarter valued at about $39,000. Finally, Achmea Investment Management B.V. acquired a new position in Markel Group during the first quarter worth about $41,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm's stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of $1,414.74 per share, for a total transaction of $141,474.00. Following the completion of the purchase, the chief executive officer now directly owns 45,039 shares in the company, valued at approximately $63,718,474.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director A. Lynne Puckett purchased 72 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the purchase, the director now owns 960 shares of the company's stock, valued at approximately $1,352,908.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the business's stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $1,414.74 per share, for a total transaction of $141,474.00. Following the transaction, the chief executive officer now owns 45,039 shares of the company's stock, valued at approximately $63,718,474.86. The disclosure for this purchase can be found here. Insiders own 1.75% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Janney Montgomery Scott restated a "neutral" rating and set a $1,600.00 target price on shares of Markel Group in a report on Friday, March 15th. Jefferies Financial Group downgraded Markel Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $1,475.00 price objective on shares of Markel Group in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $1,450.00.

Markel Group Price Performance

Markel Group stock traded down $4.02 during midday trading on Thursday, reaching $1,490.24. The company's stock had a trading volume of 31,160 shares, compared to its average volume of 50,022. The stock's 50 day simple moving average is $1,480.13 and its 200 day simple moving average is $1,448.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $19.54 billion, a PE ratio of 10.14 and a beta of 0.70. Markel Group Inc. has a fifty-two week low of $1,272.43 and a fifty-two week high of $1,560.00.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share for the quarter, beating analysts' consensus estimates of $23.58 by $32.90. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. On average, equities research analysts forecast that Markel Group Inc. will post 82.15 earnings per share for the current year.

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.

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