Proficio Capital Partners LLC Makes New $169.85 Million Investment in Markel Group Inc. (NYSE:MKL)

Proficio Capital Partners LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 98,395 shares of the insurance provider’s stock, valued at approximately $169,852,000. Proficio Capital Partners LLC owned about 0.77% of Markel Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKL. Empirical Asset Management LLC bought a new stake in Markel Group during the 4th quarter worth about $54,173,000. Caisse DE Depot ET Placement DU Quebec raised its holdings 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 worth $23,366,000 after purchasing an additional 14,507 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings 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 worth $38,687,000 after purchasing an additional 14,022 shares during the last quarter. State Street Corp raised its holdings in Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in 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 purchasing an additional 10,973 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Down 0.0 %

NYSE MKL opened at $1,887.51 on Thursday. The stock has a market capitalization of $24.28 billion, a price-to-earnings ratio of 9.48 and a beta of 0.78. The stock’s 50 day moving average price is $1,803.70 and its two-hundred day moving average price is $1,682.02. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68.

Markel Group (NYSE:MKL) last released 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 net margin of 16.34% and a return on equity of 7.55%. As a group, analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 88 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the sale, the director now owns 63,436 shares in the company, valued at $117,992,863.08. This represents a 0.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 2,034 shares of company stock worth $3,778,952. Corporate insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.