Amundi Has $31.04 Million Stake in Markel Group Inc. (NYSE:MKL)

Amundi increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 36.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,176 shares of the insurance provider’s stock after acquiring an additional 4,842 shares during the period. Amundi’s holdings in Markel Group were worth $31,040,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Davis Selected Advisers raised its holdings in shares of Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after acquiring an additional 80,922 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Markel Group in the 4th quarter valued at $475,000. Bank Julius Baer & Co. Ltd Zurich increased its stake in Markel Group by 7.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 73,771 shares of the insurance provider’s stock valued at $135,667,000 after buying an additional 4,885 shares during the last quarter. Bradyco Inc. acquired a new stake in Markel Group in the 4th quarter valued at $4,271,000. Finally, Andra AP fonden increased its stake in Markel Group by 6.9% in the 4th quarter. Andra AP fonden now owns 4,640 shares of the insurance provider’s stock valued at $8,010,000 after buying an additional 300 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the sale, the director now owns 64,868 shares in the company, 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 the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction on 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 purchase, the chief executive officer now directly owns 48,945 shares in the company, 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 valued at $3,778,952. Company insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

Shares of MKL opened at $1,816.88 on Thursday. The firm has a 50-day moving average of $1,833.08 and a 200-day moving average of $1,705.36. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The company has a market cap of $23.20 billion, a PE ratio of 9.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. As a group, equities analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MKL has been the topic of several recent research reports. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada lifted their price target 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 assigned 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.

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.