Markel Group Inc. (NYSE:MKL) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,541 shares of the insurance provider’s stock after acquiring an additional 3,476 shares during the quarter. Mackenzie Financial Corp owned approximately 0.98% of Markel Group worth $183,935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. grew its position in Markel Group by 0.8% in the 1st quarter. BlackRock Inc. now owns 662,183 shares of the insurance provider’s stock worth $845,879,000 after purchasing an additional 5,003 shares during the last quarter. Morgan Stanley grew its position in Markel Group by 3.2% in the 3rd quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock worth $793,979,000 after purchasing an additional 16,597 shares during the last quarter. State Street Corp grew its position in Markel Group by 1.7% in the 3rd quarter. State Street Corp now owns 303,717 shares of the insurance provider’s stock worth $329,296,000 after purchasing an additional 5,183 shares during the last quarter. Geode Capital Management LLC grew its position in Markel Group by 2.8% in the 1st quarter. Geode Capital Management LLC now owns 178,792 shares of the insurance provider’s stock worth $228,046,000 after purchasing an additional 4,871 shares during the last quarter. Finally, Norges Bank bought a new position in Markel Group in the 4th quarter worth about $182,438,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Down 0.4 %

Markel Group stock opened at $1,427.07 on Tuesday. Markel Group Inc. has a 12-month low of $1,272.43 and a 12-month high of $1,560.00. The stock has a market capitalization of $18.61 billion, a PE ratio of 9.71 and a beta of 0.70. The firm has a 50 day simple moving average of $1,482.32 and a 200-day simple moving average of $1,445.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, beating the consensus estimate of $23.58 by $32.90. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.75 billion. As a group, equities research analysts expect that Markel Group Inc. will post 80.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 target price on shares of Markel Group in a research report on Friday, March 15th. Jefferies Financial Group cut shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,475.00 price objective on shares of Markel Group in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,450.00.

Insider Activity at Markel Group

In other Markel Group news, Director A. Lynne Puckett bought 72 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the purchase, the director now directly owns 960 shares in the company, valued at $1,352,908.80. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director A. Lynne Puckett purchased 72 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the transaction, the director now owns 960 shares in the company, valued at $1,352,908.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the transaction, the chief executive officer now owns 45,039 shares in the company, valued at approximately $63,718,474.86. The disclosure for this purchase can be found here. Company insiders own 1.71% of the company’s stock.

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.