HUB Investment Partners LLC Takes Position in Markel Group Inc. (NYSE:MKL)

HUB Investment Partners LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 340 shares of the insurance provider’s stock, valued at approximately $587,000.

A number of other large investors have also added to or reduced their stakes in MKL. Teacher Retirement System of Texas lifted its position in shares of Markel Group by 967.2% during the 4th quarter. Teacher Retirement System of Texas now owns 16,563 shares of the insurance provider’s stock valued at $28,592,000 after acquiring an additional 15,011 shares during the period. GoodHaven Capital Management LLC lifted its position in Markel Group by 0.8% during the fourth quarter. GoodHaven Capital Management LLC now owns 3,005 shares of the insurance provider’s stock worth $5,187,000 after purchasing an additional 25 shares during the period. Royal London Asset Management Ltd. grew its stake in Markel Group by 12.7% during the fourth quarter. Royal London Asset Management Ltd. now owns 5,868 shares of the insurance provider’s stock worth $10,130,000 after buying an additional 663 shares in the last quarter. L.K. Benson & Company P.C. acquired a new stake in Markel Group during the fourth quarter worth about $252,000. Finally, GM Advisory Group LLC bought a new position in Markel Group in the 4th quarter valued at about $218,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average price 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 owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the transaction, the director now owns 64,868 shares in the company, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is currently owned by insiders.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,833.40 on Friday. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $23.41 billion, a price-to-earnings ratio of 9.21 and a beta of 0.82. The firm has a 50 day simple moving average of $1,852.81 and a 200 day simple moving average of $1,717.05.

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada raised their target price on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and an average target price 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.