JCP Investment Management LLC Buys Shares of 9,385 Markel Group Inc. (NYSE:MKL)

JCP Investment Management LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,385 shares of the insurance provider’s stock, valued at approximately $16,201,000. Markel Group makes up 9.5% of JCP Investment Management LLC’s holdings, making the stock its 3rd biggest position. JCP Investment Management LLC owned 0.07% of Markel Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MKL. SBI Securities Co. Ltd. purchased a new stake in Markel Group during the 4th quarter worth about $36,000. FPC Investment Advisory Inc. purchased a new stake in shares of Markel Group during the fourth quarter worth about $37,000. Global Trust Asset Management LLC purchased a new stake in shares of Markel Group during the fourth quarter worth about $41,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Markel Group in the third quarter valued at approximately $42,000. Finally, Private Trust Co. NA lifted its stake in shares of Markel Group by 23.1% during the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after buying an additional 6 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MKL has been the subject of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,727.75.

Markel Group Stock Up 1.2 %

Shares of MKL opened at $1,903.48 on Friday. The firm has a market cap of $24.15 billion, a PE ratio of 9.56 and a beta of 0.84. 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 company’s fifty day moving average is $1,821.38 and its two-hundred day moving average is $1,779.69. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68.

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

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 800 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the sale, the director now directly owns 64,868 shares of the company’s stock, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 2,034 shares of company stock worth $3,778,952. 1.66% of the stock is currently owned by company insiders.

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.