IFM Investors Pty Ltd Buys Shares of 2,351 Markel Group Inc. (NYSE:MKL)

IFM Investors Pty Ltd acquired a new stake in Markel Group Inc. (NYSE:MKL) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 2,351 shares of the insurance provider’s stock, valued at approximately $3,577,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MKL. Ritholtz Wealth Management bought a new position in shares of Markel Group in the 3rd quarter valued at $343,000. SG Americas Securities LLC increased its stake in shares of Markel Group by 1,685.1% in the third quarter. SG Americas Securities LLC now owns 1,678 shares of the insurance provider’s stock valued at $2,471,000 after buying an additional 1,584 shares during the period. State of Alaska Department of Revenue raised its holdings in Markel Group by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 2,368 shares of the insurance provider’s stock valued at $3,486,000 after buying an additional 10 shares during the last quarter. Goldstein Advisors LLC acquired a new stake in Markel Group during the 3rd quarter worth approximately $200,000. Finally, Oak Thistle LLC bought a new stake in Markel Group during the 3rd quarter worth approximately $1,231,000. Institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In related news, Director A. Lynne Puckett bought 72 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the purchase, the director now directly owns 960 shares in the company, valued at $1,352,908.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired 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 owns 45,039 shares in the company, valued at $63,718,474.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A. Lynne Puckett acquired 72 shares of Markel Group stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the purchase, the director now directly owns 960 shares of the company’s stock, valued at approximately $1,352,908.80. The disclosure for this purchase can be found here. Insiders own 1.71% of the company’s stock.

Markel Group Trading Down 1.0 %

MKL traded down $14.43 during trading on Friday, reaching $1,436.52. 33,777 shares of the stock traded hands, compared to its average volume of 37,614. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average is $1,483.67 and its 200 day moving average is $1,444.82. Markel Group Inc. has a 12 month low of $1,272.43 and a 12 month high of $1,560.00. The stock has a market capitalization of $18.73 billion, a PE ratio of 9.77 and a beta of 0.70.

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

Wall Street Analysts Forecast Growth

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

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.