Markel Group Inc. (NYSE:MKL) Shares Bought by Aigen Investment Management LP

Aigen Investment Management LP grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 530 shares of the insurance provider’s stock after buying an additional 17 shares during the quarter. Aigen Investment Management LP’s holdings in Markel Group were worth $915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MKL. Stephens Inc. AR increased its stake in shares of Markel Group by 7.5% during the 3rd quarter. Stephens Inc. AR now owns 600 shares of the insurance provider’s stock valued at $941,000 after acquiring an additional 42 shares during the last quarter. New York State Common Retirement Fund increased its position in Markel Group by 1.5% during the 3rd quarter. New York State Common Retirement Fund now owns 9,641 shares of the insurance provider’s stock worth $15,123,000 after purchasing an additional 147 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Markel Group by 134.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,192 shares of the insurance provider’s stock worth $1,870,000 after purchasing an additional 683 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Markel Group by 8.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 5,084 shares of the insurance provider’s stock worth $7,975,000 after purchasing an additional 404 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in Markel Group by 5.9% during the 3rd quarter. QRG Capital Management Inc. now owns 269 shares of the insurance provider’s stock worth $422,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 800 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on MKL shares. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada increased 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 report on Friday, February 7th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, Markel Group has an average rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Stock Up 2.5 %

Shares of NYSE:MKL opened at $1,911.46 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. 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 50 day moving average of $1,820.88 and a two-hundred day moving average of $1,695.13. The company has a market capitalization of $24.41 billion, a price-to-earnings ratio of 9.60 and a beta of 0.78.

Markel Group (NYSE:MKL) last issued its quarterly earnings data 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, analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal 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.