Inkwell Capital LLC Acquires Shares of 2,749 Markel Group Inc. (NYSE:MKL)

Inkwell Capital LLC acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,749 shares of the insurance provider’s stock, valued at approximately $4,745,000. Markel Group makes up approximately 5.1% of Inkwell Capital LLC’s portfolio, making the stock its 4th biggest position.

A number of other institutional investors also recently modified their holdings of the company. Davis Selected Advisers increased its stake in Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock valued at $639,606,000 after purchasing an additional 80,922 shares in the last quarter. State Street Corp increased its position in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after acquiring an additional 13,372 shares in the last quarter. Boston Partners raised its holdings in shares of Markel Group by 17.6% in 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. Geode Capital Management LLC lifted its position in Markel Group by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock valued at $327,131,000 after acquiring an additional 10,254 shares in the last quarter. Finally, Norges Bank acquired a new position in Markel Group during the 4th quarter valued at about $254,795,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction on Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, for a total transaction 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 approximately $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven A. Markel sold 800 shares of the business’s 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 transaction of $1,485,440.00. Following the completion of the sale, the director now owns 64,868 shares of the company’s stock, valued at approximately $120,446,902.40. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is owned by corporate insiders.

Markel Group Stock Performance

Shares of MKL opened at $1,853.88 on Friday. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68. The stock’s 50-day simple moving average is $1,865.72 and its 200 day simple moving average is $1,729.19. 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 stock has a market capitalization of $23.67 billion, a price-to-earnings ratio of 9.31 and a beta of 0.82.

Markel Group (NYSE:MKL) last released its quarterly earnings data 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 forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on MKL. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada boosted their price target 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 five have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.