SBI Securities Co. Ltd. Purchases Shares of 21 Markel Group Inc. (NYSE:MKL)

SBI Securities Co. Ltd. purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21 shares of the insurance provider’s stock, valued at approximately $36,000.

Several other large investors have also added to or reduced their stakes in MKL. Quilter Plc lifted its holdings in shares of Markel Group by 7.2% in the fourth quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock worth $57,206,000 after buying an additional 2,234 shares in the last quarter. Versor Investments LP lifted its holdings in shares of Markel Group by 72.4% in 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. Fiduciary Alliance LLC lifted 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 in the last quarter. WCM Investment Management LLC purchased a new position in shares of Markel Group in the fourth quarter worth $252,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Markel Group by 10.4% in the third quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 800 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the sale, the director now owns 64,868 shares of the company’s stock, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MKL shares. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada boosted their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock 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 has a consensus rating of “Hold” and an average target price of $1,685.17.

Markel Group Trading Down 0.3 %

MKL stock opened at $1,829.63 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68. The stock has a market capitalization of $23.36 billion, a price-to-earnings ratio of 9.19 and a beta of 0.81. The firm’s fifty day simple moving average is $1,831.27 and its two-hundred day simple moving average is $1,704.57.

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

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.