Northstar Group Inc. Raises Position in Markel Group Inc. (NYSE:MKL)

Northstar Group Inc. lifted its stake in Markel Group Inc. (NYSE:MKL) by 5.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,809 shares of the insurance provider’s stock after buying an additional 90 shares during the period. Northstar Group Inc.’s holdings in Markel Group were worth $3,123,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Brooklyn Investment Group bought a new position in Markel Group during the third quarter valued at $31,000. Toth Financial Advisory Corp grew its holdings in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Markel Group in the 3rd quarter worth about $36,000. Global Trust Asset Management LLC bought a new stake in Markel Group in the fourth quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Markel Group during the third quarter valued at approximately $42,000. Institutional investors own 77.12% of the company’s stock.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada lifted their target price 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. Finally, TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Trading Down 1.6 %

Shares of NYSE MKL opened at $2,027.51 on Friday. Markel Group Inc. has a twelve month low of $1,405.11 and a twelve month high of $2,063.68. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $1,761.26 and a two-hundred day simple moving average of $1,648.97. The firm has a market cap of $26.07 billion, a PE ratio of 9.35 and a beta of 0.78.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 10.86% and a net margin of 17.03%. Analysts expect that Markel Group Inc. will post 86.92 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.