Harvest Fund Management Co. Ltd Acquires Shares of 70 Markel Group Inc. (NYSE:MKL)

Harvest Fund Management Co. Ltd acquired a new stake in Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 70 shares of the insurance provider’s stock, valued at approximately $121,000.

A number of other hedge funds have also recently added to or reduced their stakes in MKL. Brooklyn Investment Group acquired a new stake in Markel Group in the third quarter valued at approximately $31,000. Larson Financial Group LLC acquired a new stake in Markel Group in the third quarter valued at approximately $36,000. SBI Securities Co. Ltd. purchased a new position in shares of Markel Group during the fourth quarter valued at approximately $36,000. FPC Investment Advisory Inc. purchased a new position in shares of Markel Group during the fourth quarter valued at approximately $37,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of Markel Group during the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,833.40 on Friday. The business’s fifty day simple moving average is $1,852.81 and its 200 day simple moving average is $1,718.08. The firm has a market capitalization of $23.41 billion, a P/E ratio of 9.21 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 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 issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 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%. As a group, analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Buying and Selling at Markel Group

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven A. Markel sold 1,146 shares of the business’s stock in a transaction on 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 sale, the director now owns 63,722 shares in the company, valued at approximately $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock worth $3,778,952 over the last ninety days. 1.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MKL shares. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada lifted their target price on 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 equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, Markel Group presently has an average rating of “Hold” and an average price target 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.