OFI Invest Asset Management Purchases Shares of 80 Markel Group Inc. (NYSE:MKL)

OFI Invest Asset Management purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 80 shares of the insurance provider’s stock, valued at approximately $133,000.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of Markel Group in the third quarter valued at approximately $31,000. FPC Investment Advisory Inc. acquired a new position in shares of Markel Group in the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. acquired a new position in shares of Markel Group in the fourth quarter valued at approximately $36,000. Larson Financial Group LLC acquired a new position in shares of Markel Group in the third quarter valued at approximately $36,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Markel Group in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Transactions at Markel Group

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MKL. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada lifted their price target 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 research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,685.17.

Markel Group Stock Down 2.8 %

Shares of Markel Group stock opened at $1,839.51 on Tuesday. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68. The company has a 50 day moving average of $1,829.20 and a 200 day moving average of $1,702.80. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $23.49 billion, a P/E ratio of 9.24 and a beta of 0.82.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. As a group, research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

About Markel Group

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.