Markel Group Inc. (NYSE:MKL) Stock Position Decreased by PYA Waltman Capital LLC

PYA Waltman Capital LLC lessened its holdings in shares of Markel Group Inc. (NYSE:MKL) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,338 shares of the insurance provider’s stock after selling 87 shares during the quarter. Markel Group makes up about 6.1% of PYA Waltman Capital LLC’s portfolio, making the stock its 4th biggest holding. PYA Waltman Capital LLC owned approximately 0.08% of Markel Group worth $14,679,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Jennison Associates LLC grew its holdings in shares of Markel Group by 111.3% in the fourth quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after purchasing an additional 41,086 shares during the period. Invesco Ltd. grew its stake in shares of Markel Group by 109.6% in the 3rd quarter. Invesco Ltd. now owns 69,272 shares of the insurance provider’s stock valued at $102,002,000 after buying an additional 36,215 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Markel Group by 104.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,669 shares of the insurance provider’s stock worth $76,082,000 after buying an additional 26,418 shares during the last quarter. Qube Research & Technologies Ltd raised its position in shares of Markel Group by 2,272.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 26,336 shares of the insurance provider’s stock valued at $38,779,000 after buying an additional 25,226 shares during the period. Finally, Morgan Stanley lifted its holdings in Markel Group by 3.2% in the third quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock valued at $793,979,000 after acquiring an additional 16,597 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Jefferies Financial Group lowered Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 target price on shares of Markel Group in a research note on Friday, March 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $1,475.00 price target on shares of Markel Group in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,450.00.

Markel Group Trading Up 1.2 %

Markel Group stock traded up $17.64 during midday trading on Wednesday, reaching $1,476.04. 14,373 shares of the stock traded hands, compared to its average volume of 47,569. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The firm has a market cap of $19.25 billion, a PE ratio of 9.94 and a beta of 0.70. The company has a 50-day simple moving average of $1,483.60 and a two-hundred day simple moving average of $1,443.85. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,560.00.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, beating the consensus estimate of $23.58 by $32.90. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.75 billion. Research analysts expect that Markel Group Inc. will post 80.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director A. Lynne Puckett acquired 72 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the transaction, the director now owns 960 shares of the company’s stock, valued at $1,352,908.80. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of $1,414.74 per share, with a total value of $141,474.00. Following the transaction, the chief executive officer now owns 45,039 shares in the company, valued at approximately $63,718,474.86. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A. Lynne Puckett acquired 72 shares of Markel Group stock in a transaction dated Friday, February 2nd. The stock was purchased at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the acquisition, the director now directly owns 960 shares in the company, valued at approximately $1,352,908.80. The disclosure for this purchase can be found here. 1.71% of the stock is owned by company insiders.

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.