Teacher Retirement System of Texas Buys 15,011 Shares of Markel Group Inc. (NYSE:MKL)

Teacher Retirement System of Texas boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 967.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,563 shares of the insurance provider’s stock after acquiring an additional 15,011 shares during the period. Teacher Retirement System of Texas owned 0.13% of Markel Group worth $28,592,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Markel Group in the 3rd quarter valued at $31,000. Larson Financial Group LLC bought a new position in shares of Markel Group in the 3rd quarter valued at $36,000. SBI Securities Co. Ltd. bought a new position in shares of Markel Group in the 4th quarter valued at $36,000. FPC Investment Advisory Inc. bought a new position in shares of Markel Group in the 4th quarter valued at $37,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Markel Group in the 4th quarter valued at $41,000. Institutional investors own 77.12% of the company’s stock.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average cost 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 of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the transaction, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock valued at $3,778,952 in the last ninety days. 1.71% of the stock is owned by company insiders.

Markel Group Stock Down 0.3 %

Shares of MKL opened at $1,846.79 on Friday. The company has a market capitalization of $23.58 billion, a PE ratio of 9.28 and a beta of 0.82. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The stock’s 50-day moving average price is $1,849.38 and its two-hundred day moving average price is $1,715.44. The company has a current ratio of 0.60, a quick 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%. On average, analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MKL. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada boosted their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,702.20.

Markel Group 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.