15,384 Shares in Markel Group Inc. (NYSE:MKL) Bought by Kennondale Capital Management LLC

Kennondale Capital Management LLC acquired a new position in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,384 shares of the insurance provider’s stock, valued at approximately $26,556,000. Markel Group makes up approximately 21.6% of Kennondale Capital Management LLC’s portfolio, making the stock its largest holding. Kennondale Capital Management LLC owned about 0.12% of Markel Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of MKL. Brooklyn Investment Group bought a new position in Markel Group during the third quarter valued at about $31,000. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the third quarter worth about $36,000. SBI Securities Co. Ltd. acquired a new stake in shares of Markel Group in the fourth quarter worth about $36,000. FPC Investment Advisory Inc. acquired a new stake in shares of Markel Group in the fourth quarter worth about $37,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Markel Group in the fourth quarter worth about $41,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Markel Group

In other news, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, for a total transaction 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. The trade was a 0.20 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 800 shares of the business’s stock in a transaction dated 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 in the company, valued at $120,446,902.40. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 over the last three months. Company insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MKL shares. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada boosted 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. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus target price of $1,702.20.

Markel Group Trading Up 0.7 %

Markel Group stock opened at $1,860.89 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The business’s 50-day simple moving average is $1,841.01 and its 200-day simple moving average is $1,711.83. The firm has a market capitalization of $23.76 billion, a PE ratio of 9.35 and a beta of 0.82. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 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%. Equities research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

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.