Quilter Plc Grows Stock Holdings in Markel Group Inc. (NYSE:MKL)

Quilter Plc raised its holdings in Markel Group Inc. (NYSE:MKL) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,139 shares of the insurance provider’s stock after purchasing an additional 2,234 shares during the quarter. Quilter Plc owned 0.26% of Markel Group worth $57,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MKL. Empirical Asset Management LLC purchased a new stake in Markel Group in the 4th quarter valued at approximately $54,173,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Markel Group by 3,729.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock valued at $23,366,000 after purchasing an additional 14,507 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Markel Group by 167.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock valued at $38,687,000 after purchasing an additional 14,022 shares in the last quarter. State Street Corp lifted its position in shares of Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after acquiring an additional 13,372 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Markel Group by 156,757.1% during the 3rd quarter. International Assets Investment Management LLC now owns 10,980 shares of the insurance provider’s stock valued at $17,223,000 after acquiring an additional 10,973 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Trading Down 1.6 %

Shares of MKL opened at $2,027.51 on Monday. The stock has a fifty day moving average of $1,766.15 and a two-hundred day moving average of $1,652.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $26.07 billion, a PE ratio of 10.19 and a beta of 0.78. Markel Group Inc. has a fifty-two week low of $1,405.11 and a fifty-two week high of $2,063.68.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. As a group, analysts forecast that Markel Group Inc. will post 97.92 EPS for the current year.

Analysts Set New Price Targets

MKL has been the subject of a number of research reports. Royal Bank of Canada lifted their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,685.17.

Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.71% of the stock is owned by corporate 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.