Greenline Partners LLC Buys 663 Shares of Markel Group Inc. (NYSE:MKL)

Greenline Partners LLC boosted its stake in Markel Group Inc. (NYSE:MKL) by 23.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,529 shares of the insurance provider’s stock after purchasing an additional 663 shares during the quarter. Greenline Partners LLC’s holdings in Markel Group were worth $6,092,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quilter Plc grew its holdings in shares of Markel Group by 7.2% in the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after buying an additional 2,234 shares during the period. Fiduciary Alliance LLC increased its holdings in shares of Markel Group by 25.2% in the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after acquiring an additional 379 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of Markel Group during the fourth quarter worth about $252,000. Franklin Resources Inc. lifted its holdings in shares of Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after purchasing an additional 527 shares in the last quarter. Finally, Korea Investment CORP grew its position in shares of Markel Group by 1.9% in the 4th quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider’s stock valued at $14,236,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

MKL has been the topic of several research analyst reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada boosted their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,727.75.

Markel Group Price Performance

Shares of MKL opened at $1,903.48 on Friday. The company has a 50 day moving average of $1,821.38 and a 200-day moving average of $1,778.22. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $24.15 billion, a P/E ratio of 9.56 and a beta of 0.84. Markel Group Inc. has a twelve month low of $1,491.03 and a twelve month high of $2,063.68.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. As a group, equities research analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Activity

In related news, Director Steven A. Markel sold 1,146 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total transaction of $2,129,829.54. Following the completion of the transaction, the director now directly owns 63,722 shares of the company’s stock, valued at approximately $118,426,699.78. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 2,034 shares of company stock worth $3,778,952 in the last quarter. Corporate insiders own 1.66% of the company’s stock.

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.