Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Markel Group Inc. (NYSE:MKL)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Markel Group Inc. (NYSE:MKL) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,332 shares of the insurance provider’s stock after buying an additional 727 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Markel Group worth $15,986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Markel Group during the 4th quarter valued at $36,000. FPC Investment Advisory Inc. bought a new stake in shares of Markel Group during the 4th quarter valued at about $37,000. Global Trust Asset Management LLC purchased a new position in shares of Markel Group during the fourth quarter valued at about $41,000. Wilmington Savings Fund Society FSB bought a new position in Markel Group in the third quarter worth about $42,000. Finally, Quarry LP lifted its holdings in Markel Group by 3,000.0% in the third quarter. Quarry LP now owns 31 shares of the insurance provider’s stock worth $49,000 after buying an additional 30 shares during the period. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Markel Group stock opened at $1,867.00 on Tuesday. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68. 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 company has a market capitalization of $23.84 billion, a P/E ratio of 9.38 and a beta of 0.82. The stock’s 50 day moving average is $1,867.54 and its 200 day moving average is $1,732.85.

Markel Group (NYSE:MKL) last released its 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 return on equity of 7.55% and a net margin of 16.34%. On average, equities research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. The trade was a 0.20 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven A. Markel sold 88 shares of Markel Group 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 completion of the sale, the director now directly owns 63,436 shares of the company’s stock, valued at approximately $117,992,863.08. The trade was a 0.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is owned by insiders.

Analysts Set New Price Targets

MKL has been the topic of a number of research analyst reports. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada upped 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. Finally, StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.