Greenline Partners LLC Purchases 663 Shares of Markel Group Inc. (NYSE:MKL)

Greenline Partners LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 23.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,529 shares of the insurance provider’s stock after purchasing an additional 663 shares during the period. Greenline Partners LLC’s holdings in Markel Group were worth $6,092,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Davis Selected Advisers boosted its stake in shares of Markel Group by 27.9% during the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock worth $639,606,000 after acquiring an additional 80,922 shares during the period. Boston Partners boosted its position in Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock worth $486,580,000 after purchasing an additional 42,178 shares during the period. Norges Bank bought a new position in Markel Group during the fourth quarter worth $254,795,000. Bank of America Corp DE increased its holdings in shares of Markel Group by 0.7% in the fourth quarter. Bank of America Corp DE now owns 140,997 shares of the insurance provider’s stock valued at $243,393,000 after purchasing an additional 915 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in shares of Markel Group by 19.3% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 121,589 shares of the insurance provider’s stock valued at $209,891,000 after purchasing an additional 19,657 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Up 1.2 %

Shares of MKL stock opened at $1,903.48 on Friday. The stock has a 50 day simple moving average of $1,821.38 and a 200 day simple moving average of $1,778.22. Markel Group Inc. has a 1 year low of $1,491.03 and a 1 year high of $2,063.68. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market cap of $24.15 billion, a P/E ratio of 9.56 and a beta of 0.84.

Markel Group (NYSE:MKL) last released its earnings results 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 return on equity of 7.55% and a net margin of 16.34%. On average, research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Activity at Markel Group

In other Markel Group news, Director Steven A. Markel sold 88 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the completion of the sale, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. This represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 over the last quarter. 1.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MKL. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada upped their target price on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,727.75.

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.