Court Place Advisors LLC Purchases 93 Shares of Markel Group Inc. (NYSE:MKL)

Court Place Advisors LLC grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,072 shares of the insurance provider’s stock after purchasing an additional 93 shares during the quarter. Markel Group accounts for about 1.4% of Court Place Advisors LLC’s holdings, making the stock its 16th biggest holding. Court Place Advisors LLC’s holdings in Markel Group were worth $4,362,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Mraz Amerine & Associates Inc. increased its holdings in shares of Markel Group by 3.3% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 18,057 shares of the insurance provider’s stock valued at $25,639,000 after acquiring an additional 584 shares in the last quarter. Desjardins Global Asset Management Inc. increased its holdings in shares of Markel Group by 4.0% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 777 shares of the insurance provider’s stock valued at $1,103,000 after acquiring an additional 30 shares in the last quarter. SVB Wealth LLC increased its holdings in shares of Markel Group by 22.5% during the fourth quarter. SVB Wealth LLC now owns 169 shares of the insurance provider’s stock valued at $240,000 after acquiring an additional 31 shares in the last quarter. Sentry Investment Management LLC acquired a new position in shares of Markel Group during the fourth quarter valued at about $450,000. Finally, Mackenzie Financial Corp increased its holdings in Markel Group by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider’s stock worth $183,935,000 after buying an additional 3,476 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the transaction, the chief executive officer now directly owns 45,039 shares of the company’s stock, valued at approximately $63,718,474.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the transaction, the chief executive officer now directly owns 45,039 shares of the company’s stock, valued at approximately $63,718,474.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director A. Lynne Puckett bought 72 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were 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 disclosure for this purchase can be found here. Insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MKL. Janney Montgomery Scott reiterated a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a report on Friday, March 15th. Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Finally, 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. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,450.00.

Markel Group Stock Performance

Markel Group stock traded up $5.21 during mid-day trading on Wednesday, hitting $1,428.87. The company had a trading volume of 39,738 shares, compared to its average volume of 49,536. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12-month low of $1,272.43 and a 12-month high of $1,560.00. The company’s fifty day moving average is $1,482.64 and its 200-day moving average is $1,444.99. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 9.69 and a beta of 0.70.

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