Markel Group Inc. (NYSE:MKL) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP raised its position in Markel Group Inc. (NYSE:MKL) by 3.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 530 shares of the insurance provider’s stock after buying an additional 17 shares during the quarter. Aigen Investment Management LP’s holdings in Markel Group were worth $915,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of MKL. Proficio Capital Partners LLC acquired a new position in Markel Group in the 4th quarter valued at $169,852,000. Empirical Asset Management LLC acquired a new position in shares of Markel Group during the 4th quarter worth $54,173,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Markel Group by 3,729.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,896 shares of the insurance provider’s stock worth $23,366,000 after purchasing an additional 14,507 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Markel Group by 167.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 22,411 shares of the insurance provider’s stock worth $38,687,000 after purchasing an additional 14,022 shares during the period. Finally, State Street Corp grew its stake in shares of Markel Group by 4.2% during the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Markel Group

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven A. Markel sold 88 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,034 shares of company stock worth $3,778,952. Corporate insiders own 1.71% of the company’s stock.

Markel Group Price Performance

Markel Group stock opened at $1,911.46 on Thursday. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $1,820.88 and its 200 day simple moving average is $1,695.13. The firm has a market capitalization of $24.41 billion, a PE ratio of 9.60 and a beta of 0.78.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 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%. On average, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MKL shares. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada upped 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 note on Friday, February 7th. Finally, StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Markel Group 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.