Vinva Investment Management Ltd Buys 72 Shares of Markel Group Inc. (NYSE:MKL)

Vinva Investment Management Ltd grew its stake in Markel Group Inc. (NYSE:MKL) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 603 shares of the insurance provider’s stock after purchasing an additional 72 shares during the period. Vinva Investment Management Ltd’s holdings in Markel Group were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Proficio Capital Partners LLC bought a new stake in Markel Group during the 4th quarter worth approximately $169,852,000. Davis Selected Advisers grew its position in Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after acquiring an additional 80,922 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Markel Group during the 4th quarter worth approximately $98,743,000. Boston Partners grew its position in Markel Group by 17.6% during the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock worth $486,580,000 after acquiring an additional 42,178 shares during the last quarter. Finally, Empirical Asset Management LLC bought a new stake in Markel Group during the 4th quarter worth approximately $54,173,000. 77.12% of the stock is currently owned by institutional investors.

Insider Activity

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 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 owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven A. Markel sold 88 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the sale, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. The trade was a 0.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 in the last 90 days. 1.71% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research analyst reports. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada increased their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,702.20.

Markel Group Stock Down 0.3 %

Shares of MKL opened at $1,846.79 on Friday. The business’s fifty day moving average price is $1,849.38 and its two-hundred day moving average price is $1,715.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $23.58 billion, a price-to-earnings ratio of 9.28 and a beta of 0.82. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68.

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

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.