Markel Group Inc. (NYSE:MKL) Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its position in Markel Group Inc. (NYSE:MKL) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,016 shares of the insurance provider’s stock after acquiring an additional 42 shares during the period. Atria Investments Inc’s holdings in Markel Group were worth $3,480,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Markel Group during the 4th quarter valued at about $169,852,000. Empirical Asset Management LLC acquired a new position in Markel Group during the 4th quarter valued at about $54,173,000. Caisse DE Depot ET Placement DU Quebec increased its stake in Markel Group by 3,729.3% during 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 buying an additional 14,507 shares during the period. Assenagon Asset Management S.A. increased its stake in 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. Finally, State Street Corp increased its stake in 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. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of MKL opened at $1,895.12 on Friday. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The company has a 50-day moving average of $1,826.91 and a two-hundred day moving average of $1,699.93. The stock has a market cap of $24.20 billion, a price-to-earnings ratio of 9.52 and a beta of 0.82. 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 (NYSE:MKL) last announced its 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%. On average, equities research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and a consensus target price of $1,685.17.

Insiders Place Their Bets

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Markel sold 800 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the sale, the director now owns 64,868 shares of the company’s stock, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock worth $3,778,952 over the last ninety days. 1.71% of the stock is currently owned by company insiders.

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.