Wedge Capital Management L L P NC Has $20.57 Million Stake in Markel Group Inc. (NYSE:MKL)

Wedge Capital Management L L P NC grew its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,486 shares of the insurance provider's stock after acquiring an additional 1,594 shares during the period. Wedge Capital Management L L P NC owned about 0.11% of Markel Group worth $20,569,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ritter Daniher Financial Advisory LLC DE grew its stake 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 valued at $29,000 after acquiring an additional 12 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Markel Group by 133.3% during the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider's stock valued at $31,000 after acquiring an additional 12 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Markel Group by 26.2% during the third quarter. Geneos Wealth Management Inc. now owns 53 shares of the insurance provider's stock valued at $78,000 after acquiring an additional 11 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Markel Group by 3,200.0% during the third quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider's stock valued at $97,000 after acquiring an additional 64 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Markel Group during the third quarter valued at about $125,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MKL. Royal Bank of Canada reiterated a "sector perform" rating and issued a $1,475.00 price target on shares of Markel Group in a research note on Friday, February 2nd. Jefferies Financial Group downgraded Markel Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Finally, Janney Montgomery Scott reiterated a "neutral" rating and issued a $1,600.00 price target on shares of Markel Group in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $1,450.00.

Markel Group Stock Performance

MKL stock traded up $16.91 during midday trading on Monday, reaching $1,473.60. The company had a trading volume of 37,422 shares, compared to its average volume of 48,995. 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 stock has a 50 day moving average price of $1,483.96 and a 200 day moving average price of $1,444.73. Markel Group Inc. has a fifty-two week low of $1,272.43 and a fifty-two week high of $1,560.00. The firm has a market capitalization of $19.22 billion, a PE ratio of 10.03 and a beta of 0.70.

Markel Group (NYSE:MKL - Get Free Report) last issued its earnings results on Wednesday, January 31st. The insurance provider reported $56.48 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 company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.75 billion. Analysts anticipate that Markel Group Inc. will post 80.08 earnings per share for the current year.

Insider Buying and Selling at Markel Group

In related news, Director A. Lynne Puckett bought 72 shares of the firm's stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the purchase, 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 Securities & Exchange Commission, which is available through this hyperlink. In other Markel Group 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 price of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the acquisition, the director now owns 960 shares in the company, valued at approximately $1,352,908.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the business's stock in a transaction dated 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 acquisition, 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. 1.71% of the stock is currently owned by insiders.

About Markel Group

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.