Illinois Municipal Retirement Fund Has $13.55 Million Stock Position in Markel Group Inc. (NYSE:MKL)

Illinois Municipal Retirement Fund increased its position in shares of Markel Group Inc. (NYSE:MKL) by 46.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,540 shares of the insurance provider’s stock after purchasing an additional 3,040 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.07% of Markel Group worth $13,546,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Jennison Associates LLC grew its holdings in Markel Group by 111.3% during the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock worth $110,745,000 after acquiring an additional 41,086 shares during the last quarter. Invesco Ltd. grew its holdings in Markel Group by 109.6% during the 3rd quarter. Invesco Ltd. now owns 69,272 shares of the insurance provider’s stock worth $102,002,000 after acquiring an additional 36,215 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Markel Group by 104.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,669 shares of the insurance provider’s stock worth $76,082,000 after acquiring an additional 26,418 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Markel Group by 2,272.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 26,336 shares of the insurance provider’s stock worth $38,779,000 after acquiring an additional 25,226 shares during the last quarter. Finally, Morgan Stanley grew its holdings in Markel Group by 3.2% during the 3rd quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock worth $793,979,000 after acquiring an additional 16,597 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Down 0.0 %

MKL traded down $0.30 during trading on Tuesday, reaching $1,471.11. 9,007 shares of the stock were exchanged, compared to its average volume of 48,473. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The stock’s 50 day moving average price is $1,483.96 and its two-hundred day moving average price is $1,444.73. Markel Group Inc. has a twelve month low of $1,272.43 and a twelve month high of $1,560.00. The stock has a market cap of $19.18 billion, a P/E ratio of 10.03 and a beta of 0.70.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, topping analysts’ consensus estimates of $23.58 by $32.90. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Equities analysts expect that Markel Group Inc. will post 80.08 EPS for the current year.

Analysts Set New Price Targets

MKL has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1,475.00 target price on shares of Markel Group in a research note on Friday, February 2nd. Jefferies Financial Group lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Finally, Janney Montgomery Scott reissued a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,450.00.

Insider Activity

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