Markel Group Inc. (NYSE:MKL) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its position in Markel Group Inc. (NYSE:MKL) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,067 shares of the insurance provider’s stock after acquiring an additional 63 shares during the quarter. Sei Investments Co.’s holdings in Markel Group were worth $12,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in MKL. Private Trust Co. NA raised its position in shares of Markel Group by 23.1% in the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 6 shares during the period. Wellington Shields & Co. LLC raised its holdings in Markel Group by 4.3% in the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider’s stock worth $250,000 after purchasing an additional 6 shares during the period. Gilbert & Cook Inc. boosted its position 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 purchasing an additional 7 shares in the last quarter. Greenleaf Trust grew its holdings in Markel Group by 3.4% in the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after purchasing an additional 7 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of Markel Group by 1.5% in the fourth 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 in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the transaction, the director now directly owns 63,722 shares of the company’s stock, valued at $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 2,034 shares of company stock valued at $3,778,952 in the last ninety days. 1.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MKL has been the topic of a number of recent analyst reports. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and cut their target price for the stock 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 five have issued a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,702.20.

Markel Group Stock Down 0.9 %

NYSE MKL opened at $1,853.88 on Friday. The business has a fifty day moving average price of $1,865.72 and a 200 day moving average price of $1,729.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $23.67 billion, a P/E ratio of 9.31 and a beta of 0.82. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68.

Markel Group (NYSE:MKL) last issued its 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 net margin of 16.34% and a return on equity of 7.55%. Research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.