Annandale Capital LLC Raises Stock Holdings in Markel Group Inc. (NYSE:MKL)

Annandale Capital LLC boosted its position in shares of Markel Group Inc. (NYSE:MKL) by 0.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 3,137 shares of the insurance provider’s stock after acquiring an additional 19 shares during the quarter. Markel Group comprises about 0.9% of Annandale Capital LLC’s portfolio, making the stock its 23rd largest position. Annandale Capital LLC’s holdings in Markel Group were worth $5,415,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its holdings 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 worth $55,000 after purchasing an additional 6 shares during the period. Wellington Shields & Co. LLC lifted its stake in Markel Group by 4.3% during the 4th quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider’s stock valued at $250,000 after acquiring an additional 6 shares during the period. Gilbert & Cook Inc. boosted its holdings in shares of Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock valued at $739,000 after acquiring an additional 7 shares during the last quarter. Greenleaf Trust increased its stake in shares of Markel Group by 3.4% in the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock worth $368,000 after acquiring an additional 7 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in Markel Group by 1.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock valued at $810,000 after purchasing an additional 7 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven A. Markel sold 800 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the transaction, the director now owns 64,868 shares of the company’s stock, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 in the last quarter. Corporate insiders own 1.71% of the company’s stock.

Markel Group Trading Down 5.8 %

MKL stock opened at $1,721.17 on Friday. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68. 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 firm has a market cap of $21.98 billion, a P/E ratio of 8.65 and a beta of 0.82. The company’s 50-day simple moving average is $1,868.94 and its 200-day simple moving average is $1,737.63.

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 analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. As a group, equities analysts forecast that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank of Canada increased their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, Markel Group has an average rating of “Hold” and a consensus target price of $1,702.20.

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.