WCM Investment Management LLC Buys New Shares in Markel Group Inc. (NYSE:MKL)

WCM Investment Management LLC purchased a new position in Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 146 shares of the insurance provider’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empirical Asset Management LLC acquired a new stake in shares of Markel Group in the fourth quarter worth approximately $54,173,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of 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 during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Markel Group by 167.1% during 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 buying an additional 14,022 shares during the period. State Street Corp grew its stake 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 buying an additional 13,372 shares during the period. Finally, International Assets Investment Management LLC increased its holdings 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 worth $17,223,000 after buying an additional 10,973 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the topic of a number of research analyst reports. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,685.17.

Markel Group Trading Down 1.8 %

Shares of MKL opened at $1,989.69 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The stock has a market cap of $25.59 billion, a PE ratio of 10.00 and a beta of 0.78. The stock’s 50-day moving average is $1,766.15 and its two-hundred day moving average is $1,653.46.

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

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.71% of the company’s stock.

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.