denkapparat Operations GmbH Makes New $404,000 Investment in Markel Group Inc. (NYSE:MKL)

denkapparat Operations GmbH acquired a new position in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 234 shares of the insurance provider’s stock, valued at approximately $404,000.

Several other hedge funds also recently made changes to their positions in MKL. Davis Selected Advisers boosted its position in shares of Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after purchasing an additional 80,922 shares in the last quarter. State Street Corp grew its holdings in Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock valued at $516,391,000 after purchasing an additional 13,372 shares during the period. Boston Partners boosted its holdings in Markel Group by 17.6% in the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock valued at $486,580,000 after acquiring an additional 42,178 shares during the last quarter. Geode Capital Management LLC increased its position in Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after purchasing an additional 10,254 shares in the last quarter. Finally, Norges Bank purchased a new stake in Markel Group during the fourth quarter worth approximately $254,795,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 88 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the transaction, the director now owns 63,436 shares in the company, valued at $117,992,863.08. This trade represents a 0.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the transaction, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 over the last 90 days. 1.71% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MKL shares. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price 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 price target on 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 cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average price target of $1,702.20.

Markel Group Price Performance

Shares of MKL opened at $1,870.93 on Friday. The company has a 50 day moving average of $1,864.16 and a 200-day moving average of $1,725.69. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $23.89 billion, a P/E ratio of 9.40 and a beta of 0.82.

Markel Group (NYSE:MKL) last posted 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, equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal 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.