Wedge Capital Management L L P NC Buys 1,594 Shares of Markel Group Inc. (NYSE:MKL)

Wedge Capital Management L L P NC grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,486 shares of the insurance provider’s stock after acquiring an additional 1,594 shares during the quarter. Wedge Capital Management L L P NC owned about 0.11% of Markel Group worth $20,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MKL. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Markel Group by 150.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock worth $29,000 after buying an additional 12 shares in the last quarter. Blue Trust Inc. boosted its stake in Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 12 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Markel Group by 26.2% in the 3rd quarter. Geneos Wealth Management Inc. now owns 53 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 11 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Markel Group by 3,200.0% in the third quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 64 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new position in shares of Markel Group during the third quarter valued at $125,000. 77.12% of the stock is currently owned by institutional investors.

Insider Transactions at Markel Group

In other news, Director A. Lynne Puckett bought 72 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the acquisition, the director now owns 960 shares of the company’s stock, valued at approximately $1,352,908.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average cost of $1,414.74 per share, with a total value of $141,474.00. Following the acquisition, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A. Lynne Puckett bought 72 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $1,409.28 per share, with a total value of $101,468.16. Following the transaction, the director now owns 960 shares of the company’s stock, valued at approximately $1,352,908.80. The disclosure for this purchase can be found here. Corporate insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MKL. Janney Montgomery Scott reissued a “neutral” rating and issued a $1,600.00 target price on shares of Markel Group in a research report on Friday, March 15th. Jefferies Financial Group lowered shares of Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $1,475.00 price target on shares of Markel Group in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus target price of $1,450.00.

Markel Group Stock Performance

Shares of Markel Group stock traded up $14.72 on Monday, hitting $1,471.41. 37,422 shares of the company’s stock were exchanged, compared to its average volume of 48,995. Markel Group Inc. has a 1 year low of $1,272.43 and a 1 year high of $1,560.00. The company has a 50-day simple moving average of $1,483.41 and a 200-day simple moving average of $1,444.66. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market capitalization of $19.19 billion, a PE ratio of 10.02 and a beta of 0.70.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, topping analysts’ consensus estimates of $23.58 by $32.90. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.75 billion. As a group, equities analysts anticipate that Markel Group Inc. will post 80.08 EPS for the current year.

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.