Quilter Plc Acquires 4,262 Shares of Markel Group Inc. (NYSE:MKL)

Quilter Plc lifted its stake in Markel Group Inc. (NYSE:MKL) by 25.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,838 shares of the insurance provider’s stock after acquiring an additional 4,262 shares during the period. Quilter Plc owned approximately 0.16% of Markel Group worth $29,423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in Markel Group in the 4th quarter valued at $214,216,000. Boston Partners lifted its stake in Markel Group by 400.1% during the fourth quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock worth $222,771,000 after purchasing an additional 125,507 shares during the period. Jennison Associates LLC boosted its holdings in Markel Group by 111.3% during the fourth quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after purchasing an additional 41,086 shares in the last quarter. Invesco Ltd. grew its stake in shares of Markel Group by 109.6% in the 3rd quarter. Invesco Ltd. now owns 69,272 shares of the insurance provider’s stock valued at $102,002,000 after purchasing an additional 36,215 shares during the period. Finally, TD Asset Management Inc raised its holdings in shares of Markel Group by 248.2% in the 4th quarter. TD Asset Management Inc now owns 40,277 shares of the insurance provider’s stock worth $57,189,000 after buying an additional 28,711 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Activity at Markel Group

In other Markel Group news, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the transaction, the director now directly owns 66,668 shares in the company, valued at approximately $109,228,184.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.71% of the stock is owned by company insiders.

Markel Group Price Performance

Shares of MKL traded up $2.16 during mid-day trading on Friday, hitting $1,618.29. 28,073 shares of the company traded hands, compared to its average volume of 40,789. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $21.04 billion, a price-to-earnings ratio of 8.74 and a beta of 0.69. The business has a 50-day moving average of $1,530.85 and a 200 day moving average of $1,466.66. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.62 billion. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. As a group, equities analysts expect that Markel Group Inc. will post 82.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Truist Financial upped their price target on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Jefferies Financial Group lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Royal Bank of Canada raised their price objective on shares of Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Finally, Janney Montgomery Scott reiterated a “neutral” rating and issued a $1,600.00 target price on shares of Markel Group in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,520.00.

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.