Fox Run Management L.L.C. Purchases 167 Shares of Markel Group Inc. (NYSE:MKL)

Fox Run Management L.L.C. lifted its position in Markel Group Inc. (NYSE:MKL) by 127.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 298 shares of the insurance provider’s stock after acquiring an additional 167 shares during the period. Fox Run Management L.L.C.’s holdings in Markel Group were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA increased its holdings in Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after buying an additional 6 shares during the period. Wellington Shields & Co. LLC boosted its position in shares of Markel Group by 4.3% during the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider’s stock valued at $250,000 after acquiring an additional 6 shares in the last quarter. Gilbert & Cook Inc. boosted its position in shares of Markel Group by 1.7% during the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock valued at $739,000 after acquiring an additional 7 shares in the last quarter. Greenleaf Trust increased its stake in Markel Group by 3.4% in the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after acquiring an additional 7 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in Markel Group by 1.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock worth $810,000 after purchasing an additional 7 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven A. Markel sold 800 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value 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. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,034 shares of company stock worth $3,778,952 in the last quarter. Insiders own 1.71% of the company’s stock.

Markel Group Price Performance

Shares of MKL stock opened at $1,863.65 on Wednesday. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The stock has a market capitalization of $23.80 billion, a PE ratio of 9.36 and a beta of 0.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock’s fifty day moving average is $1,859.72 and its 200-day moving average is $1,723.67.

Markel Group (NYSE:MKL) last posted 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%. Equities research analysts expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Analysts Set New Price Targets

MKL has been the topic of a number of recent research reports. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada upped their price target on 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 Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.