New York State Common Retirement Fund Grows Position in Markel Group Inc. (NYSE:MKL)

New York State Common Retirement Fund lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,041 shares of the insurance provider’s stock after acquiring an additional 400 shares during the quarter. New York State Common Retirement Fund’s holdings in Markel Group were worth $17,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Brooklyn Investment Group purchased a new position in Markel Group in the third quarter worth about $31,000. Larson Financial Group LLC purchased a new position in Markel Group in the third quarter worth about $36,000. Global Trust Asset Management LLC purchased a new position in Markel Group in the fourth quarter worth about $41,000. Wilmington Savings Fund Society FSB purchased a new position in Markel Group in the third quarter worth about $42,000. Finally, Quarry LP boosted its position in Markel Group by 3,000.0% in the third quarter. Quarry LP now owns 31 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 30 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Down 0.9 %

Shares of MKL opened at $1,837.64 on Friday. The business’s 50 day moving average is $1,793.51 and its 200 day moving average is $1,674.40. The company has a market capitalization of $23.64 billion, a PE ratio of 9.23 and a beta of 0.78. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last issued its earnings results 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%. Research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Activity at Markel Group

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on MKL shares. Royal Bank of Canada raised 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. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Markel Group has an average rating of “Hold” and an average target price of $1,685.17.

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.