Northstar Group Inc. Purchases 90 Shares of Markel Group Inc. (NYSE:MKL)

Northstar Group Inc. raised its position in Markel Group Inc. (NYSE:MKL) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,809 shares of the insurance provider’s stock after acquiring an additional 90 shares during the quarter. Northstar Group Inc.’s holdings in Markel Group were worth $3,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MKL. SpiderRock Advisors LLC boosted its holdings in shares of Markel Group by 199.4% in the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock worth $742,000 after buying an additional 315 shares during the last quarter. Versor Investments LP boosted its stake in shares of Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after acquiring an additional 160 shares during the last quarter. Fiduciary Alliance LLC grew its position in shares of Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after acquiring an additional 379 shares during the period. Franklin Resources Inc. increased its stake in shares of Markel Group by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after purchasing an additional 527 shares in the last quarter. Finally, State Street Corp raised its holdings in Markel Group by 4.2% in the 3rd quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased 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 owns 48,945 shares in the company, valued at $98,282,049.45. This trade 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. Company insiders own 1.71% of the company’s stock.

Markel Group Trading Down 1.6 %

Shares of MKL opened at $2,027.51 on Friday. The firm has a market cap of $26.07 billion, a P/E ratio of 9.35 and a beta of 0.78. 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 1 year low of $1,405.11 and a 1 year high of $2,063.68. The company has a 50 day simple moving average of $1,761.26 and a two-hundred day simple moving average of $1,648.97.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, equities analysts expect that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MKL has been the subject of a number of analyst reports. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada raised their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $1,685.17.

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.