Choreo LLC Raises Stock Holdings in Markel Group Inc. (NYSE:MKL)

Choreo LLC grew its stake in Markel Group Inc. (NYSE:MKL) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 941 shares of the insurance provider’s stock after buying an additional 64 shares during the period. Choreo LLC’s holdings in Markel Group were worth $1,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SpiderRock Advisors LLC increased its position in Markel Group by 199.4% in the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock worth $742,000 after buying an additional 315 shares in the last quarter. Versor Investments LP grew its position in shares of Markel Group by 72.4% during the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after purchasing an additional 160 shares in the last quarter. Fiduciary Alliance LLC grew its position in shares of Markel Group by 25.2% during the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after purchasing an additional 379 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Markel Group by 10.4% during the third quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after purchasing an additional 527 shares in the last quarter. Finally, State Street Corp grew its position in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the subject of several research analyst reports. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Thursday. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada increased 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $1,685.17.

Insider Buying and Selling at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Performance

NYSE MKL opened at $2,027.51 on Friday. The stock has a market capitalization of $26.07 billion, a PE ratio of 9.35 and a beta of 0.78. The business has a 50 day simple moving average of $1,761.26 and a two-hundred day simple moving average of $1,648.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 1-year low of $1,405.11 and a 1-year high of $2,063.68.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. On average, research analysts predict that Markel Group Inc. will post 86.92 EPS for the current fiscal 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.