Markel Group Inc. (NYSE:MKL) Shares Purchased by SVB Wealth LLC

SVB Wealth LLC boosted its holdings in Markel Group Inc. (NYSE:MKL) by 22.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 169 shares of the insurance provider’s stock after purchasing an additional 31 shares during the quarter. SVB Wealth LLC’s holdings in Markel Group were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MKL. Invesco Ltd. increased its stake in Markel Group by 109.6% in the third quarter. Invesco Ltd. now owns 69,272 shares of the insurance provider’s stock valued at $102,002,000 after purchasing an additional 36,215 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Markel Group by 104.6% during the third quarter. Envestnet Asset Management Inc. now owns 51,669 shares of the insurance provider’s stock valued at $76,082,000 after acquiring an additional 26,418 shares during the period. Qube Research & Technologies Ltd grew its position in Markel Group by 2,272.6% during the third quarter. Qube Research & Technologies Ltd now owns 26,336 shares of the insurance provider’s stock valued at $38,779,000 after acquiring an additional 25,226 shares during the period. Morgan Stanley grew its position in Markel Group by 3.2% during the third quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock valued at $793,979,000 after acquiring an additional 16,597 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. grew its position in Markel Group by 26.0% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 63,040 shares of the insurance provider’s stock valued at $92,826,000 after acquiring an additional 13,000 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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

Markel Group Trading Up 1.2 %

NYSE:MKL opened at $1,473.60 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Markel Group Inc. has a one year low of $1,272.43 and a one year high of $1,560.00. The business’s 50-day simple moving average is $1,483.96 and its 200 day simple moving average is $1,444.73. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 10.03 and a beta of 0.70.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, topping the consensus estimate of $23.58 by $32.90. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.75 billion. As a group, sell-side analysts predict that Markel Group Inc. will post 80.08 earnings per share for the current fiscal year.

About Markel Group

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.