Markel Group Inc. (NYSE:MKL) Stock Position Increased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich raised its position in Markel Group Inc. (NYSE:MKL) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,771 shares of the insurance provider’s stock after purchasing an additional 4,885 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.57% of Markel Group worth $135,667,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its stake in shares of Markel Group by 134.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,192 shares of the insurance provider’s stock valued at $1,870,000 after purchasing an additional 683 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Markel Group by 8.6% during the third quarter. Asset Management One Co. Ltd. now owns 5,084 shares of the insurance provider’s stock worth $7,975,000 after purchasing an additional 404 shares in the last quarter. QRG Capital Management Inc. boosted its stake in Markel Group by 5.9% during the 3rd quarter. QRG Capital Management Inc. now owns 269 shares of the insurance provider’s stock valued at $422,000 after purchasing an additional 15 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Markel Group by 3.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 462 shares of the insurance provider’s stock worth $725,000 after buying an additional 17 shares in the last quarter. Finally, Hudson Value Partners LLC lifted its holdings in shares of Markel Group by 10.9% in the third quarter. Hudson Value Partners LLC now owns 3,186 shares of the insurance provider’s stock valued at $4,997,000 after buying an additional 314 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Trading Down 0.3 %

NYSE:MKL opened at $1,895.12 on Friday. The stock has a fifty day simple moving average of $1,826.91 and a 200 day simple moving average of $1,698.88. The firm has a market capitalization of $24.20 billion, a price-to-earnings ratio of 9.52 and a beta of 0.82. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year 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.

Markel Group (NYSE:MKL) last announced its earnings results 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%. Sell-side analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insider Activity at Markel Group

In other Markel Group news, Director Steven A. Markel sold 800 shares of the business’s stock in a transaction 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 directly owns 64,868 shares of the company’s stock, valued at $120,446,902.40. The trade was 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 hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.