Clear Harbor Asset Management LLC Acquires 34 Shares of Markel Group Inc. (NYSE:MKL)

Clear Harbor Asset Management LLC lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,773 shares of the insurance provider’s stock after purchasing an additional 34 shares during the period. Clear Harbor Asset Management LLC’s holdings in Markel Group were worth $5,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Scharf Investments LLC raised its stake in shares of Markel Group by 4.0% in the fourth quarter. Scharf Investments LLC now owns 126,920 shares of the insurance provider’s stock worth $180,214,000 after acquiring an additional 4,933 shares during the last quarter. Ossiam raised its position in Markel Group by 106.3% in the 2nd quarter. Ossiam now owns 262 shares of the insurance provider’s stock worth $362,000 after purchasing an additional 135 shares during the last quarter. First National Advisers LLC lifted its holdings in Markel Group by 347.8% during the 3rd quarter. First National Advisers LLC now owns 900 shares of the insurance provider’s stock worth $1,325,000 after buying an additional 699 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in Markel Group in the 3rd quarter valued at $1,313,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Markel Group in the 3rd quarter valued at $814,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Markel Group

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

Markel Group Trading Down 0.4 %

MKL traded down $5.87 during midday trading on Thursday, reaching $1,521.48. 39,569 shares of the company were exchanged, compared to its average volume of 51,244. The stock has a market capitalization of $19.95 billion, a P/E ratio of 10.35 and a beta of 0.70. Markel Group Inc. has a one year low of $1,242.01 and a one year high of $1,560.00. The stock’s 50-day simple moving average is $1,475.85 and its 200 day simple moving average is $1,449.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share for the quarter, beating analysts’ consensus estimates of $23.58 by $32.90. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. As a group, analysts forecast that Markel Group Inc. will post 82.15 earnings per share 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.