Assetmark Inc. Acquires 21 Shares of Markel Group Inc. (NYSE:MKL)

Assetmark Inc. lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 140.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 36 shares of the insurance provider’s stock after acquiring an additional 21 shares during the period. Assetmark Inc.’s holdings in Markel Group were worth $62,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MKL. Brooklyn Investment Group bought a new position in Markel Group during the 3rd quarter valued at about $31,000. FPC Investment Advisory Inc. bought a new position in Markel Group during the 4th quarter valued at about $37,000. SBI Securities Co. Ltd. bought a new position in Markel Group during the 4th quarter valued at about $36,000. Larson Financial Group LLC bought a new position in Markel Group during the 3rd quarter valued at about $36,000. Finally, Global Trust Asset Management LLC bought a new position in Markel Group during the 4th quarter valued at about $41,000. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Up 1.7 %

Shares of NYSE MKL opened at $1,850.33 on Friday. The stock has a market cap of $23.63 billion, a P/E ratio of 9.30 and a beta of 0.81. The firm has a 50 day moving average price of $1,837.87 and a 200 day moving average price of $1,708.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (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%. Analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 1,146 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the completion of the sale, the director now directly owns 63,722 shares in the company, valued at approximately $118,426,699.78. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada raised 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 report on Friday, February 7th. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,702.20.

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.