Citadel Investment Advisory Inc. Raises Holdings in Markel Group Inc. (NYSE:MKL)

Citadel Investment Advisory Inc. lifted its stake in Markel Group Inc. (NYSE:MKLFree Report) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,866 shares of the insurance provider’s stock after purchasing an additional 26 shares during the quarter. Markel Group comprises approximately 13.8% of Citadel Investment Advisory Inc.’s holdings, making the stock its 2nd largest position. Citadel Investment Advisory Inc. owned 0.12% of Markel Group worth $22,528,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Asset Dedication LLC lifted its position in Markel Group by 72.7% in the 2nd quarter. Asset Dedication LLC now owns 19 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 8 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its position in Markel Group by 150.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 12 shares in the last quarter. Blue Trust Inc. lifted its position in Markel Group by 133.3% in the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 12 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Markel Group in the 2nd quarter valued at approximately $39,000. Finally, Achmea Investment Management B.V. bought a new position in Markel Group in the 1st quarter valued at approximately $41,000. 77.12% of the stock is owned by institutional investors.

Insider Transactions at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction dated Friday, February 2nd. The stock was purchased at an average cost of $1,414.74 per share, for a total transaction of $141,474.00. Following the purchase, the chief executive officer now directly owns 45,039 shares of the company’s stock, valued at approximately $63,718,474.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Markel Group news, Director A. Lynne Puckett purchased 72 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the purchase, the director now owns 960 shares of the company’s stock, valued at approximately $1,352,908.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the purchase, the chief executive officer now directly owns 45,039 shares in the company, valued at approximately $63,718,474.86. The disclosure for this purchase can be found here. 1.75% of the stock is currently owned by company insiders.

Markel Group Trading Down 0.4 %

NYSE:MKL opened at $1,496.23 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $19.62 billion, a price-to-earnings ratio of 10.18 and a beta of 0.70. Markel Group Inc. has a one year low of $1,272.43 and a one year high of $1,560.00. The business has a fifty day moving average price of $1,479.76 and a 200-day moving average price of $1,448.61.

Markel Group (NYSE:MKLGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, topping the consensus estimate of $23.58 by $32.90. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.75 billion. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. Sell-side analysts forecast that Markel Group Inc. will post 82.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MKL. Royal Bank of Canada reissued a “sector perform” rating and set a $1,475.00 price target on shares of Markel Group in a report on Friday, February 2nd. Jefferies Financial Group cut Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Finally, Janney Montgomery Scott reissued a “neutral” rating and set a $1,600.00 price target on shares of Markel Group in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,450.00.

View Our Latest Research Report on MKL

Markel Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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