Geode Capital Management LLC Acquires 226 Shares of Markel Group Inc. (NYSE:MKL)

Geode Capital Management LLC raised its holdings in Markel Group Inc. (NYSE:MKL) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,280 shares of the insurance provider’s stock after buying an additional 226 shares during the period. Geode Capital Management LLC owned about 1.63% of Markel Group worth $360,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA boosted its stake in Markel Group by 23.1% during the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 6 shares during the last quarter. Wellington Shields & Co. LLC boosted its position in shares of Markel Group by 4.3% during the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider’s stock valued at $250,000 after buying an additional 6 shares during the last quarter. Gilbert & Cook Inc. grew its holdings in Markel Group by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock worth $739,000 after buying an additional 7 shares in the last quarter. Greenleaf Trust raised its position in Markel Group by 3.4% in the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after buying an additional 7 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its position in Markel Group by 1.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock valued at $810,000 after buying an additional 7 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Trading Down 5.8 %

Shares of Markel Group stock opened at $1,721.17 on Friday. The firm has a market cap of $21.98 billion, a PE ratio of 8.65 and a beta of 0.82. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. 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 fifty day moving average price of $1,868.94 and a 200-day moving average price of $1,737.63.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. 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 research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,702.20.

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.