Ieq Capital LLC Has $763,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

Ieq Capital LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 109.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 442 shares of the insurance provider’s stock after purchasing an additional 231 shares during the period. Ieq Capital LLC’s holdings in Markel Group were worth $763,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Gold Investment Management Ltd. increased its stake in Markel Group by 0.6% during the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after acquiring an additional 7 shares during the period. Gilbert & Cook Inc. increased its stake in Markel Group by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock valued at $739,000 after acquiring an additional 7 shares during the period. Greenleaf Trust increased its stake in Markel Group by 3.4% during the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after acquiring an additional 7 shares during the period. Hunter Associates Investment Management LLC increased its stake in Markel Group by 1.1% during the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock valued at $1,170,000 after acquiring an additional 8 shares during the period. Finally, Financial Advocates Investment Management increased its stake in Markel Group by 3.2% during the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 2.1 %

MKL stock opened at $1,888.12 on Wednesday. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The firm has a market cap of $24.28 billion, a P/E ratio of 9.49 and a beta of 0.78. The business’s 50 day moving average is $1,795.94 and its 200-day moving average is $1,678.01. 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 released 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%. Equities analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Royal Bank of Canada boosted their price target 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. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, Markel Group presently has an average rating of “Hold” and an average price target of $1,685.17.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 800 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the transaction, the director now owns 64,868 shares of the company’s stock, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group 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 acquisition, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The disclosure for this purchase can be found here. 1.71% 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.