Pavion Blue Capital LLC Buys 22 Shares of Markel Group Inc. (NYSE:MKL)

Pavion Blue Capital LLC lifted its stake in Markel Group Inc. (NYSE:MKL) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,559 shares of the insurance provider’s stock after acquiring an additional 22 shares during the period. Markel Group comprises about 1.3% of Pavion Blue Capital LLC’s holdings, making the stock its 24th biggest position. Pavion Blue Capital LLC’s holdings in Markel Group were worth $2,691,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp raised its position in Markel Group by 4.2% in the third 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 in the last quarter. Geode Capital Management LLC raised its position in Markel Group by 5.2% in the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after purchasing an additional 10,254 shares in the last quarter. Jennison Associates LLC raised its position in Markel Group by 9.9% in the fourth quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock worth $135,915,000 after purchasing an additional 7,102 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Markel Group by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock worth $87,398,000 after purchasing an additional 766 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in Markel Group by 0.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 46,214 shares of the insurance provider’s stock worth $72,490,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is owned by insiders.

Markel Group Stock Performance

NYSE MKL opened at $1,837.64 on Friday. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of 9.23 and a beta of 0.78. The company has a 50 day moving average of $1,793.51 and a 200-day moving average of $1,674.40. 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 Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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 analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MKL has been the subject of several recent research reports. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada raised 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 report on Friday, February 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.