Mraz Amerine & Associates Inc. Buys 584 Shares of Markel Group Inc. (NYSE:MKL)

Mraz Amerine & Associates Inc. raised its stake in Markel Group Inc. (NYSE:MKL - Free Report) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,057 shares of the insurance provider's stock after buying an additional 584 shares during the period. Markel Group accounts for 5.4% of Mraz Amerine & Associates Inc.'s holdings, making the stock its 6th largest holding. Mraz Amerine & Associates Inc. owned approximately 0.14% of Markel Group worth $25,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Ritter Daniher Financial Advisory LLC DE boosted its position in Markel Group by 150.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider's stock valued at $29,000 after buying an additional 12 shares in the last quarter. Blue Trust Inc. boosted its position in Markel Group by 133.3% in the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider's stock valued at $31,000 after buying an additional 12 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Markel Group in the second quarter valued at approximately $39,000. Achmea Investment Management B.V. acquired a new stake in Markel Group in the first quarter valued at approximately $41,000. Finally, RVW Wealth LLC acquired a new stake in Markel Group in the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction dated Friday, February 2nd. The stock was purchased at an average cost 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 directly owns 45,039 shares of the company's stock, valued at $63,718,474.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director A. Lynne Puckett purchased 72 shares of the business's stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the acquisition, the director now owns 960 shares in the company, valued at $1,352,908.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the 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 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. Corporate insiders own 1.71% of the company's stock.

Markel Group Stock Up 0.4 %

MKL traded up $5.21 during midday trading on Wednesday, hitting $1,428.87. The company had a trading volume of 39,738 shares, compared to its average volume of 49,536. Markel Group Inc. has a 52 week low of $1,272.43 and a 52 week high of $1,560.00. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 9.69 and a beta of 0.70. The stock's 50 day moving average price is $1,482.64 and its 200 day moving average price is $1,444.99.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $3.71 billion during the quarter, compared to analysts' expectations of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. On average, research analysts anticipate that Markel Group Inc. will post 80.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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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