Alaska Permanent Fund Corp Purchases New Position in Markel Group Inc. (NYSE:MKL)

Alaska Permanent Fund Corp acquired a new stake in Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 522 shares of the insurance provider’s stock, valued at approximately $741,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MKL. Ritter Daniher Financial Advisory LLC DE increased its stake in Markel Group by 150.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock valued at $29,000 after buying an additional 12 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Markel Group in the 4th quarter valued at about $30,000. Blue Trust Inc. increased its stake in shares of Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 12 shares during the last quarter. Headlands Technologies LLC increased its stake in shares of Markel Group by 3,200.0% during the 3rd quarter. Headlands Technologies LLC now owns 66 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 64 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Markel Group during the 3rd quarter worth approximately $125,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $1,475.00 price objective on shares of Markel Group in a report on Friday, February 2nd. Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1,450.00.

Insider Activity at Markel Group

In other Markel Group news, Director A. Lynne Puckett acquired 72 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the purchase, the director now directly owns 960 shares of the company’s stock, valued at approximately $1,352,908.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were 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 of the company’s stock, valued at approximately $63,718,474.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A. Lynne Puckett acquired 72 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the purchase, the director now directly 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 owned by corporate insiders.

Markel Group Price Performance

MKL stock opened at $1,448.41 on Friday. The firm’s 50-day moving average price is $1,484.20 and its two-hundred day moving average price is $1,444.99. Markel Group Inc. has a 12-month low of $1,272.43 and a 12-month high of $1,560.00. The stock has a market capitalization of $18.89 billion, a price-to-earnings ratio of 9.86 and a beta of 0.70. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $3.75 billion. As a group, equities analysts predict that Markel Group Inc. will post 80.08 earnings per share for the current year.

Markel Group Company 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.