2,351 Shares in Markel Group Inc. (NYSE:MKL) Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,351 shares of the insurance provider's stock, valued at approximately $3,577,000.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Markel Group during the 4th quarter worth approximately $18,145,000. Pinnacle Associates Ltd. boosted its stake in shares of Markel Group by 7.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider's stock worth $25,070,000 after acquiring an additional 1,167 shares in the last quarter. Chicago Capital LLC purchased a new stake in shares of Markel Group during the 4th quarter worth approximately $3,313,000. Allspring Global Investments Holdings LLC raised its position in shares of Markel Group by 616.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,219 shares of the insurance provider's stock worth $5,991,000 after purchasing an additional 3,630 shares during the last quarter. Finally, Carmel Capital Partners LLC raised its position in shares of Markel Group by 11.9% during the 4th quarter. Carmel Capital Partners LLC now owns 582 shares of the insurance provider's stock worth $826,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analysts Set New Price Targets

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

Markel Group Trading Down 1.0 %

MKL traded down $14.43 during trading on Friday, hitting $1,436.52. The company's stock had a trading volume of 33,777 shares, compared to its average volume of 37,614. The firm's 50 day moving average price is $1,483.67 and its 200-day moving average price is $1,444.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $18.73 billion, a PE ratio of 9.77 and a beta of 0.70. Markel Group Inc. has a twelve month low of $1,272.43 and a twelve month high of $1,560.00.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share for the quarter, beating the consensus estimate of $23.58 by $32.90. The company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.75 billion. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. On average, analysts expect that Markel Group Inc. will post 80.08 earnings per share for the current year.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director A. Lynne Puckett purchased 72 shares of the business'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 acquisition, the director now owns 960 shares of the company's stock, valued at approximately $1,352,908.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company's stock in a transaction dated Friday, February 2nd. The stock was 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 directly owns 45,039 shares in the company, valued at approximately $63,718,474.86. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director A. Lynne Puckett acquired 72 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were purchased 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 $1,352,908.80. The disclosure for this purchase can be found here. 1.71% of the stock is currently owned by insiders.

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.