Inceptionr LLC Has $1.55 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Inceptionr LLC lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 361.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 896 shares of the insurance provider’s stock after purchasing an additional 702 shares during the quarter. Inceptionr LLC’s holdings in Markel Group were worth $1,547,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Markel Group during the 4th quarter worth $98,743,000. Arizona State Retirement System increased its stake in shares of Markel Group by 1.0% during the 4th quarter. Arizona State Retirement System now owns 3,763 shares of the insurance provider’s stock worth $6,496,000 after purchasing an additional 38 shares during the last quarter. Aigen Investment Management LP increased its stake in shares of Markel Group by 3.3% during the 4th quarter. Aigen Investment Management LP now owns 530 shares of the insurance provider’s stock worth $915,000 after purchasing an additional 17 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Markel Group during the 4th quarter worth $169,852,000. Finally, Atria Investments Inc boosted its holdings in shares of Markel Group by 2.1% during the 4th quarter. Atria Investments Inc now owns 2,016 shares of the insurance provider’s stock worth $3,480,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on MKL. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada upped their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 800 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the transaction, the director now directly owns 64,868 shares of the company’s stock, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The shares were 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 in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 in the last ninety days. Company insiders own 1.71% of the company’s stock.

Markel Group Price Performance

Shares of Markel Group stock opened at $1,911.46 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The firm has a fifty day moving average price of $1,820.88 and a two-hundred day moving average price of $1,695.13. The company has a market cap of $24.41 billion, a PE ratio of 9.60 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. Analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.

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.