Markel Group Inc. (NYSE:MKL) Stock Position Boosted by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its position in shares of Markel Group Inc. (NYSE:MKL) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,936 shares of the insurance provider’s stock after buying an additional 555 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Markel Group were worth $10,247,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Quilter Plc lifted its holdings in shares of Markel Group by 7.2% during the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after purchasing an additional 2,234 shares during the last quarter. Fiduciary Alliance LLC boosted its holdings in shares of Markel Group by 25.2% in the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after buying an additional 379 shares during the period. WCM Investment Management LLC acquired a new stake in shares of Markel Group during the fourth quarter valued at approximately $252,000. Franklin Resources Inc. boosted its stake in Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after purchasing an additional 527 shares during the period. Finally, Korea Investment CORP grew its position in Markel Group by 1.9% during the 4th quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider’s stock worth $14,236,000 after purchasing an additional 155 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MKL. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada lifted their target price on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $1,727.75.

Markel Group Trading Up 1.2 %

Shares of Markel Group stock opened at $1,903.48 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 1 year low of $1,491.03 and a 1 year high of $2,063.68. The company’s fifty day simple moving average is $1,821.38 and its 200-day simple moving average is $1,778.22. The company has a market cap of $24.15 billion, a price-to-earnings ratio of 9.56 and a beta of 0.84.

Markel Group (NYSE:MKL) last announced 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 return on equity of 7.55% and a net margin of 16.34%. As a group, sell-side analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Activity

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the sale, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 2,034 shares of company stock worth $3,778,952. Company insiders own 1.66% of the company’s stock.

Markel Group Company 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.