Markel Group Inc. (NYSE:MKL) Stock Holdings Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its position in shares of Markel Group Inc. (NYSE:MKL) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 469 shares of the insurance provider’s stock after buying an additional 7 shares during the period. Concurrent Investment Advisors LLC’s holdings in Markel Group were worth $810,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MKL. Brooklyn Investment Group acquired a new position in Markel Group in the third quarter worth $31,000. Larson Financial Group LLC bought a new position in shares of Markel Group in the 3rd quarter worth about $36,000. Global Trust Asset Management LLC acquired a new position in shares of Markel Group in the 4th quarter valued at about $41,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Markel Group during the 3rd quarter valued at about $42,000. Finally, Quarry LP raised its stake in Markel Group by 3,000.0% during the third quarter. Quarry LP now owns 31 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Buying and Selling

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.71% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MKL. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised 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 note on Friday, February 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and an average price target of $1,685.17.

Markel Group Stock Down 0.9 %

MKL opened at $1,837.64 on Monday. The stock’s 50 day moving average price is $1,793.51 and its 200 day moving average price is $1,675.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $23.64 billion, a P/E ratio of 9.23 and a beta of 0.78. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68.

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 net margin of 16.34% and a return on equity of 7.55%. As a group, research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current year.

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.