Victory Capital Management Inc. Acquires 81 Shares of Markel Group Inc. (NYSE:MKL)

Victory Capital Management Inc. boosted its holdings in Markel Group Inc. (NYSE:MKL) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,926 shares of the insurance provider’s stock after acquiring an additional 81 shares during the period. Victory Capital Management Inc.’s holdings in Markel Group were worth $10,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Atria Investments Inc lifted its stake in shares of Markel Group by 0.5% during the 3rd quarter. Atria Investments Inc now owns 1,974 shares of the insurance provider’s stock worth $3,096,000 after buying an additional 10 shares during the last quarter. Versor Investments LP grew its stake in Markel Group by 72.4% during the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after buying an additional 160 shares in the last quarter. Entropy Technologies LP increased its stake in Markel Group by 114.9% in the third quarter. Entropy Technologies LP now owns 374 shares of the insurance provider’s stock valued at $587,000 after acquiring an additional 200 shares during the last quarter. Prime Capital Investment Advisors LLC increased its stake in shares of Markel Group by 6.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 372 shares of the insurance provider’s stock valued at $584,000 after purchasing an additional 21 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in shares of Markel Group by 8.0% during the 3rd quarter. Aptus Capital Advisors LLC now owns 216 shares of the insurance provider’s stock worth $339,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada upped their price objective on shares of 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. Finally, StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,685.17.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,819.62 on Friday. The firm has a market capitalization of $23.24 billion, a P/E ratio of 9.14 and a beta of 0.81. The business’s fifty day simple moving average is $1,835.13 and its 200 day simple moving average is $1,706.15. 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 12 month low of $1,417.65 and a 12 month high of $2,063.68.

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

Insider Transactions at Markel Group

In other news, Director Steven A. Markel sold 88 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the transaction, the director now directly owns 63,436 shares in the company, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 2,034 shares of company stock worth $3,778,952 over the last quarter. Corporate insiders own 1.71% 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.