Empowered Funds LLC Increases Stock Position in Markel Group Inc. (NYSE:MKL)

Empowered Funds LLC boosted its stake in Markel Group Inc. (NYSE:MKL) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279 shares of the insurance provider’s stock after purchasing an additional 30 shares during the quarter. Empowered Funds LLC’s holdings in Markel Group were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of MKL. Brooklyn Investment Group purchased a new stake in Markel Group in the third quarter valued at approximately $31,000. Larson Financial Group LLC purchased a new stake in Markel Group in the third quarter valued at approximately $36,000. Global Trust Asset Management LLC purchased a new stake in Markel Group in the fourth quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB purchased a new stake in Markel Group in the third quarter valued at approximately $42,000. Finally, Quarry LP raised its stake in Markel Group by 3,000.0% in the third quarter. Quarry LP now owns 31 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 30 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price 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 in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.71% of the stock is owned by insiders.

Markel Group Price Performance

MKL opened at $1,856.10 on Thursday. The stock has a 50-day moving average price of $1,789.25 and a 200-day moving average price of $1,669.70. 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 firm has a market cap of $23.87 billion, a PE ratio of 9.33 and a beta of 0.78. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Sell-side analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MKL. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada increased their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $1,685.17.

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.