500 Shares in Markel Group Inc. (NYSE:MKL) Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 500 shares of the insurance provider’s stock, valued at approximately $863,000.

A number of other hedge funds have also recently bought and sold shares of MKL. Hsbc Holdings PLC lifted its stake in shares of Markel Group by 26.5% in the fourth quarter. Hsbc Holdings PLC now owns 17,623 shares of the insurance provider’s stock valued at $30,445,000 after buying an additional 3,694 shares during the period. Beacon Investment Advisors LLC lifted its position in shares of Markel Group by 4.9% in the 4th quarter. Beacon Investment Advisors LLC now owns 320 shares of the insurance provider’s stock worth $552,000 after acquiring an additional 15 shares during the period. Canal Capital Management LLC acquired a new stake in shares of Markel Group during the 4th quarter worth approximately $268,000. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Markel Group by 19.3% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider’s stock valued at $209,891,000 after purchasing an additional 19,657 shares during the period. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Markel Group by 164.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 315 shares of the insurance provider’s stock valued at $544,000 after purchasing an additional 196 shares in the last quarter. 77.12% of the stock is owned by institutional investors.

Insider Transactions at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Markel sold 800 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the sale, the director now directly owns 64,868 shares in the company, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their position. 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 three months. 1.66% of the stock is owned by corporate insiders.

Markel Group Stock Up 0.7 %

Shares of NYSE MKL opened at $1,797.23 on Thursday. Markel Group Inc. has a 52-week low of $1,433.06 and a 52-week high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The business has a fifty day moving average of $1,828.52 and a two-hundred day moving average of $1,755.28. The stock has a market cap of $22.84 billion, a PE ratio of 9.03 and a beta of 0.70.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MKL shares. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada lifted their target price 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. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,702.20.

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.