Jennison Associates LLC Buys 896 Shares of Markel Group Inc. (NYSE:MKL)

Jennison Associates LLC raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.1% in the 1st quarter, Holdings Channel reports. The firm owned 79,631 shares of the insurance provider’s stock after acquiring an additional 896 shares during the period. Jennison Associates LLC’s holdings in Markel Group were worth $148,879,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Markel Group in the 1st quarter valued at about $28,000. ST Germain D J Co. Inc. raised its position in Markel Group by 300.0% in the 1st quarter. ST Germain D J Co. Inc. now owns 20 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 15 shares during the period. McIlrath & Eck LLC raised its stake in shares of Markel Group by 866.7% during the fourth quarter. McIlrath & Eck LLC now owns 29 shares of the insurance provider’s stock valued at $50,000 after acquiring an additional 26 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Markel Group during the first quarter valued at approximately $54,000. Finally, Versant Capital Management Inc raised its stake in shares of Markel Group by 178.6% during the first quarter. Versant Capital Management Inc now owns 39 shares of the insurance provider’s stock valued at $73,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Argus raised shares of Markel Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,727.75.

Markel Group Trading Up 0.4%

NYSE:MKL opened at $2,028.17 on Friday. Markel Group Inc. has a 12 month low of $1,491.03 and a 12 month high of $2,063.68. The firm has a fifty day simple moving average of $1,944.17 and a 200-day simple moving average of $1,862.96. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $25.74 billion, a P/E ratio of 14.93 and a beta of 0.84.

Insider Transactions at Markel Group

In related news, Director Greta J. Harris sold 90 shares of the business’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $1,861.44, for a total transaction of $167,529.60. Following the completion of the transaction, the director directly owned 632 shares in the company, valued at $1,176,430.08. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by corporate insiders.

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.