Markel Group Inc. (NYSE:MKL) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 111.3% in the 4th quarter, HoldingsChannel reports. The fund owned 77,995 shares of the insurance provider’s stock after buying an additional 41,086 shares during the quarter. Jennison Associates LLC’s holdings in Markel Group were worth $110,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Markel Group during the 4th quarter worth about $18,145,000. Pinnacle Associates Ltd. boosted its position in shares of Markel Group by 7.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider’s stock worth $25,070,000 after acquiring an additional 1,167 shares in the last quarter. Chicago Capital LLC acquired a new position in shares of Markel Group during the 4th quarter worth about $3,313,000. Allspring Global Investments Holdings LLC boosted its position in shares of Markel Group by 616.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,219 shares of the insurance provider’s stock worth $5,991,000 after acquiring an additional 3,630 shares in the last quarter. Finally, Carmel Capital Partners LLC boosted its position in shares of Markel Group by 11.9% during the 4th quarter. Carmel Capital Partners LLC now owns 582 shares of the insurance provider’s stock worth $826,000 after acquiring an additional 62 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Up 1.2 %

Shares of NYSE MKL opened at $1,473.60 on Tuesday. The stock has a market cap of $19.22 billion, a PE ratio of 10.03 and a beta of 0.70. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 52-week low of $1,272.43 and a 52-week high of $1,560.00. The business has a 50-day moving average price of $1,483.96 and a 200 day moving average price of $1,444.73.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, beating the consensus estimate of $23.58 by $32.90. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.75 billion. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. Equities research analysts forecast that Markel Group Inc. will post 80.08 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost 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 $63,718,474.86. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Markel Group news, Director A. Lynne Puckett purchased 72 shares of Markel Group stock in a transaction dated Friday, February 2nd. The stock was acquired at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the acquisition, the director now directly owns 960 shares of the company’s stock, valued at $1,352,908.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction dated Friday, February 2nd. The stock was acquired at an average cost of $1,414.74 per share, with a total value of $141,474.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,039 shares in the company, valued at $63,718,474.86. The disclosure for this purchase can be found here. 1.71% of the stock is owned by company insiders.

Markel Group Company 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.