Alaska Permanent Fund Corp Invests $741,000 in Markel Group Inc. (NYSE:MKL)

Alaska Permanent Fund Corp purchased a new position in shares of Markel Group Inc. (NYSE:MKL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 522 shares of the insurance provider’s stock, valued at approximately $741,000.

Several other institutional investors have also modified their holdings of the stock. Morgan Stanley lifted its stake in Markel Group by 3.2% in the third quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock valued at $793,979,000 after buying an additional 16,597 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Markel Group by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider’s stock worth $183,935,000 after purchasing an additional 3,476 shares during the period. Scharf Investments LLC raised its holdings in shares of Markel Group by 4.0% in the 4th quarter. Scharf Investments LLC now owns 126,920 shares of the insurance provider’s stock worth $180,214,000 after purchasing an additional 4,933 shares during the period. Legal & General Group Plc raised its holdings in shares of Markel Group by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 94,781 shares of the insurance provider’s stock worth $139,564,000 after purchasing an additional 2,736 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Markel Group by 2.2% in the 3rd quarter. Northern Trust Corp now owns 88,501 shares of the insurance provider’s stock worth $130,317,000 after purchasing an additional 1,929 shares during the period. Hedge funds and other 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 the company’s stock in a transaction dated Friday, February 2nd. The shares were bought at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the purchase, the chief executive officer now owns 45,039 shares of the company’s stock, valued at $63,718,474.86. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $1,414.74 per share, for a total transaction of $141,474.00. Following the acquisition, the chief executive officer now directly owns 45,039 shares of the company’s stock, valued at approximately $63,718,474.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director A. Lynne Puckett bought 72 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the acquisition, the director now directly owns 960 shares in the company, valued at $1,352,908.80. The disclosure for this purchase can be found here. Company insiders own 1.71% of the company’s stock.

Markel Group Stock Down 1.0 %

Shares of Markel Group stock opened at $1,448.41 on Friday. The business’s fifty day moving average price is $1,484.20 and its two-hundred day moving average price is $1,444.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $18.89 billion, a P/E ratio of 9.86 and a beta of 0.70. Markel Group Inc. has a 1-year low of $1,272.43 and a 1-year high of $1,560.00.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, topping analysts’ consensus estimates of $23.58 by $32.90. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. As a group, research analysts forecast that Markel Group Inc. will post 80.08 EPS for the current year.

Wall Street Analyst Weigh In

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

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.