HUB Investment Partners LLC Makes New Investment in Markel Group Inc. (NYSE:MKL)

HUB Investment Partners LLC acquired a new position in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, HoldingsChannel reports. The fund acquired 340 shares of the insurance provider’s stock, valued at approximately $587,000.

Several other hedge funds also recently modified their holdings of MKL. Teacher Retirement System of Texas grew its holdings in Markel Group by 967.2% in the fourth quarter. Teacher Retirement System of Texas now owns 16,563 shares of the insurance provider’s stock worth $28,592,000 after purchasing an additional 15,011 shares during the period. GoodHaven Capital Management LLC boosted its position in shares of Markel Group by 0.8% during the 4th quarter. GoodHaven Capital Management LLC now owns 3,005 shares of the insurance provider’s stock worth $5,187,000 after purchasing an additional 25 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Markel Group by 12.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 5,868 shares of the insurance provider’s stock valued at $10,130,000 after buying an additional 663 shares during the period. L.K. Benson & Company P.C. bought a new stake in Markel Group in the 4th quarter valued at about $252,000. Finally, GM Advisory Group LLC acquired a new position in Markel Group during the 4th quarter worth approximately $218,000. Institutional investors own 77.12% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 88 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the sale, the director now owns 63,436 shares of the company’s stock, valued at $117,992,863.08. This trade represents a 0.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,034 shares of company stock valued at $3,778,952. Corporate insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. 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 report on Friday, February 7th. Finally, TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,702.20.

Markel Group Stock Down 0.8 %

MKL stock opened at $1,833.40 on Friday. The stock’s 50 day moving average is $1,852.81 and its 200-day moving average is $1,717.05. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68. The firm has a market capitalization of $23.41 billion, a PE ratio of 9.21 and a beta of 0.82. 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 posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 expect that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.