Mackenzie Financial Corp Acquires 3,476 Shares of Markel Group Inc. (NYSE:MKL)

Mackenzie Financial Corp raised its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 129,541 shares of the insurance provider's stock after buying an additional 3,476 shares during the quarter. Mackenzie Financial Corp owned 0.98% of Markel Group worth $183,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MKL. Opal Wealth Advisors LLC grew its holdings in shares of Markel Group by 2.3% during the 4th quarter. Opal Wealth Advisors LLC now owns 318 shares of the insurance provider's stock worth $452,000 after purchasing an additional 7 shares in the last quarter. Balentine LLC grew its holdings in shares of Markel Group by 2.8% during the 2nd quarter. Balentine LLC now owns 294 shares of the insurance provider's stock worth $407,000 after purchasing an additional 8 shares in the last quarter. Parisi Gray Wealth Management grew its holdings in shares of Markel Group by 1.7% during the 4th quarter. Parisi Gray Wealth Management now owns 541 shares of the insurance provider's stock worth $768,000 after purchasing an additional 9 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Markel Group by 1.8% during the 1st quarter. Neuberger Berman Group LLC now owns 514 shares of the insurance provider's stock worth $758,000 after purchasing an additional 9 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Markel Group by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 2,368 shares of the insurance provider's stock worth $3,486,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

Insider Activity

In other news, Director A. Lynne Puckett purchased 72 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were bought at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the acquisition, the director now directly owns 960 shares in the company, valued at approximately $1,352,908.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director A. Lynne Puckett purchased 72 shares of the business's stock in a transaction dated Friday, February 2nd. The shares were bought at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the acquisition, the director now directly owns 960 shares in the company, valued at approximately $1,352,908.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the business's stock in a transaction dated Friday, February 2nd. The stock was purchased at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the completion of the acquisition, the chief executive officer now owns 45,039 shares of the company's stock, valued at $63,718,474.86. The disclosure for this purchase can be found here. Corporate insiders own 1.71% of the company's stock.

Analysts Set New Price Targets

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

Markel Group Trading Down 0.2 %

Shares of Markel Group stock traded down $3.17 during trading on Tuesday, reaching $1,423.90. 40,261 shares of the company were exchanged, compared to its average volume of 49,671. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a twelve month low of $1,272.43 and a twelve month high of $1,560.00. The business has a 50-day moving average price of $1,482.32 and a 200-day moving average price of $1,445.33. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 9.69 and a beta of 0.70.

Markel Group (NYSE:MKL - Get Free Report) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $23.58 by $32.90. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. The firm had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.75 billion. Sell-side analysts anticipate that Markel Group Inc. will post 80.08 EPS for the current fiscal year.

Markel Group 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.