Assetmark Inc. Purchases 21 Shares of Markel Group Inc. (NYSE:MKL)

Assetmark Inc. raised its stake in Markel Group Inc. (NYSE:MKL) by 140.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 36 shares of the insurance provider’s stock after buying an additional 21 shares during the period. Assetmark Inc.’s holdings in Markel Group were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MKL. Prime Capital Investment Advisors LLC increased its holdings in shares of Markel Group by 6.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 372 shares of the insurance provider’s stock valued at $584,000 after purchasing an additional 21 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Markel Group by 8.0% in the third quarter. Aptus Capital Advisors LLC now owns 216 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 16 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Markel Group by 5.4% in the third quarter. Victory Capital Management Inc. now owns 5,845 shares of the insurance provider’s stock valued at $9,168,000 after acquiring an additional 300 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Markel Group by 15.6% in the third quarter. Oppenheimer & Co. Inc. now owns 890 shares of the insurance provider’s stock valued at $1,396,000 after acquiring an additional 120 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Markel Group by 47.3% in the third quarter. KBC Group NV now owns 1,966 shares of the insurance provider’s stock valued at $3,084,000 after acquiring an additional 631 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 1,146 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the completion of the sale, the director now owns 63,722 shares of the company’s stock, valued at $118,426,699.78. This trade represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired 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 directly owns 48,945 shares of the company’s stock, valued at $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 sold 2,034 shares of company stock worth $3,778,952 over the last ninety days. 1.71% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on MKL shares. StockNews.com downgraded 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. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One 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, the company has a consensus rating of “Hold” and an average price target of $1,702.20.

Markel Group Stock Up 1.7 %

MKL stock opened at $1,850.33 on Friday. The stock has a market capitalization of $23.63 billion, a P/E ratio of 9.30 and a beta of 0.81. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The firm has a 50-day moving average price of $1,837.87 and a 200-day moving average price of $1,708.99.

Markel Group (NYSE:MKL) last released 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 net margin of 16.34% and a return on equity of 7.55%. As a group, equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

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.