Integrated Quantitative Investments LLC Purchases Shares of 220 Markel Group Inc. (NYSE:MKL)

Integrated Quantitative Investments LLC acquired a new position in Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 220 shares of the insurance provider’s stock, valued at approximately $380,000.

Several other hedge funds have also recently made changes to their positions in the business. Benjamin Edwards Inc. purchased a new position in Markel Group during the 3rd quarter valued at $762,000. Chevy Chase Trust Holdings LLC increased its position in shares of Markel Group by 16.8% during the third quarter. Chevy Chase Trust Holdings LLC now owns 515 shares of the insurance provider’s stock valued at $808,000 after buying an additional 74 shares during the period. Investment Management Corp of Ontario raised its stake in Markel Group by 20.0% in the third quarter. Investment Management Corp of Ontario now owns 721 shares of the insurance provider’s stock worth $1,131,000 after buying an additional 120 shares in the last quarter. Redwood Investment Management LLC lifted its holdings in Markel Group by 4.1% in the third quarter. Redwood Investment Management LLC now owns 921 shares of the insurance provider’s stock worth $1,445,000 after buying an additional 36 shares during the period. Finally, Royal London Asset Management Ltd. boosted its position in Markel Group by 2.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 5,205 shares of the insurance provider’s stock valued at $8,164,000 after acquiring an additional 114 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Down 5.8 %

Shares of NYSE:MKL opened at $1,721.17 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $1,868.94 and a two-hundred day simple moving average of $1,737.63. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The stock has a market capitalization of $21.98 billion, a price-to-earnings ratio of 8.65 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 earnings per share (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%. On average, research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on MKL shares. 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. StockNews.com lowered 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 assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,702.20.

Insider Transactions at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction dated Friday, February 7th. The shares were 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 directly owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 800 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the sale, the director now directly owns 64,868 shares in the company, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,034 shares of company stock worth $3,778,952. Corporate insiders own 1.71% of the company’s stock.

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.