Markel Group Inc. (NYSE:MKL) Stake Raised by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,050 shares of the insurance provider’s stock after acquiring an additional 427 shares during the quarter. Natixis Advisors LLC owned approximately 0.10% of Markel Group worth $22,527,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in Markel Group by 5.4% during the third quarter. Victory Capital Management Inc. now owns 5,845 shares of the insurance provider’s stock valued at $9,168,000 after purchasing an additional 300 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Markel Group by 15.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 890 shares of the insurance provider’s stock valued at $1,396,000 after acquiring an additional 120 shares in the last quarter. KBC Group NV increased its stake in shares of Markel Group by 47.3% in the third quarter. KBC Group NV now owns 1,966 shares of the insurance provider’s stock worth $3,084,000 after acquiring an additional 631 shares during the last quarter. Huntington National Bank raised its holdings in shares of Markel Group by 8.6% during the third quarter. Huntington National Bank now owns 151 shares of the insurance provider’s stock worth $237,000 after acquiring an additional 12 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in Markel Group by 10.1% during the third quarter. Metis Global Partners LLC now owns 513 shares of the insurance provider’s stock valued at $805,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other Markel Group news, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the transaction, the director now directly owns 64,868 shares of the company’s stock, valued at $120,446,902.40. The trade was a 1.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 2,034 shares of company stock worth $3,778,952. Company insiders own 1.71% of the company’s stock.

Markel Group Trading Up 0.7 %

Shares of MKL stock opened at $1,860.89 on Tuesday. 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 market cap of $23.76 billion, a PE ratio of 9.35 and a beta of 0.82. 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 business’s 50 day moving average is $1,841.01 and its two-hundred day moving average is $1,711.83.

Markel Group (NYSE:MKL) last posted its 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 net margin of 16.34% and a return on equity of 7.55%. Equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MKL shares. Royal Bank of Canada raised their price target on 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. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, 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 note on Monday, December 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and an average price target of $1,702.20.

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.