CIBC Asset Management Inc Purchases 62 Shares of Markel Group Inc. (NYSE:MKL)

CIBC Asset Management Inc lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 13.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 532 shares of the insurance provider’s stock after buying an additional 62 shares during the quarter. CIBC Asset Management Inc’s holdings in Markel Group were worth $918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Gold Investment Management Ltd. grew its position in shares of Markel Group by 0.6% during the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock worth $1,912,000 after buying an additional 7 shares in the last quarter. Gilbert & Cook Inc. boosted its position in Markel Group by 1.7% during the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock valued at $739,000 after purchasing an additional 7 shares in the last quarter. Greenleaf Trust boosted its position in Markel Group by 3.4% during the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after purchasing an additional 7 shares in the last quarter. Hunter Associates Investment Management LLC boosted its position in Markel Group by 1.1% during the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock valued at $1,170,000 after purchasing an additional 8 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its position in Markel Group by 3.2% during the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective 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. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, Markel Group has a consensus rating of “Hold” and a consensus target price of $1,685.17.

Markel Group Trading Down 0.9 %

Markel Group stock opened at $1,837.64 on Friday. The stock has a 50-day moving average of $1,793.51 and a two-hundred day moving average of $1,674.40. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The stock has a market cap of $23.64 billion, a PE ratio of 9.23 and a beta of 0.78.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. On average, research analysts anticipate that Markel Group Inc. will post 96.25 EPS 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.