Chapman Investment Management LLC Has $7.10 Million Holdings in Markel Group Inc. (NYSE:MKL)

Chapman Investment Management LLC increased its position in Markel Group Inc. (NYSE:MKL) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,998 shares of the insurance provider’s stock after acquiring an additional 81 shares during the quarter. Markel Group makes up about 5.4% of Chapman Investment Management LLC’s holdings, making the stock its 7th biggest holding. Chapman Investment Management LLC’s holdings in Markel Group were worth $7,097,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in Markel Group during the fourth quarter valued at approximately $18,145,000. Pinnacle Associates Ltd. raised its stake in shares of Markel Group by 7.1% during the fourth quarter. Pinnacle Associates Ltd. now owns 17,656 shares of the insurance provider’s stock worth $25,070,000 after acquiring an additional 1,167 shares in the last quarter. Chicago Capital LLC purchased a new position in shares of Markel Group during the fourth quarter worth approximately $3,313,000. Allspring Global Investments Holdings LLC raised its stake in shares of Markel Group by 616.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,219 shares of the insurance provider’s stock worth $5,991,000 after acquiring an additional 3,630 shares in the last quarter. Finally, Carmel Capital Partners LLC raised its stake in shares of Markel Group by 11.9% during the fourth quarter. Carmel Capital Partners LLC now owns 582 shares of the insurance provider’s stock worth $826,000 after acquiring an additional 62 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $1,414.74 per share, with a total value of $141,474.00. Following the transaction, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $1,414.74 per share, with a total value of $141,474.00. Following the transaction, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director A. Lynne Puckett bought 72 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were acquired at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the acquisition, the director now owns 960 shares in the company, valued at approximately $1,352,908.80. The disclosure for this purchase can be found here. Insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Markel Group Trading Down 1.0 %

Shares of NYSE MKL traded down $14.43 during mid-day trading on Friday, hitting $1,436.52. The stock had a trading volume of 33,777 shares, compared to its average volume of 37,614. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Markel Group Inc. has a 1 year low of $1,272.43 and a 1 year high of $1,560.00. The business has a 50 day moving average price of $1,483.67 and a two-hundred day moving average price of $1,444.82. The firm has a market cap of $18.73 billion, a P/E ratio of 9.77 and a beta of 0.70.

Markel Group (NYSE:MKL) last issued 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. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. On average, equities analysts anticipate that Markel Group Inc. will post 80.08 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.