529 Shares in Markel Group Inc. (NYSE:MKL) Purchased by Choreo LLC

Choreo LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 529 shares of the insurance provider’s stock, valued at approximately $751,000.

Other hedge funds have also bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE grew its stake in Markel Group by 150.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock worth $29,000 after buying an additional 12 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Markel Group during the fourth quarter worth about $30,000. Blue Trust Inc. grew its stake in Markel Group by 133.3% during the fourth quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after buying an additional 12 shares in the last quarter. Headlands Technologies LLC grew its stake in Markel Group by 3,200.0% during the third quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider’s stock worth $97,000 after buying an additional 64 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in Markel Group during the third quarter worth about $125,000. 77.12% of the stock is owned by institutional investors.

Markel Group Trading Up 1.1 %

MKL opened at $1,474.40 on Thursday. The company’s 50 day moving average is $1,483.86 and its 200-day moving average is $1,444.07. The company has a market cap of $19.23 billion, a P/E ratio of 10.03 and a beta of 0.69. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,560.00. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $23.58 by $32.90. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. Equities research analysts predict that Markel Group Inc. will post 80.08 earnings per share for the current fiscal year.

Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price 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 $63,718,474.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction on Friday, February 2nd. The stock was purchased at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the acquisition, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director A. Lynne Puckett purchased 72 shares of the stock in a transaction on 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 acquisition, the director now owns 960 shares in the company, valued at approximately $1,352,908.80. The disclosure for this purchase can be found here. 1.71% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,475.00 price objective on shares of Markel Group in a research note on Friday, February 2nd. Finally, Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,450.00.

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.