Kirr Marbach & Co. LLC IN Trims Stock Holdings in Markel Group Inc. (NYSE:MKL)

Kirr Marbach & Co. LLC IN trimmed its position in Markel Group Inc. (NYSE:MKL) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,064 shares of the insurance provider’s stock after selling 85 shares during the period. Markel Group accounts for 3.0% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 15th biggest position. Kirr Marbach & Co. LLC IN’s holdings in Markel Group were worth $11,450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SVB Wealth LLC grew its stake in Markel Group by 22.5% in the fourth quarter. SVB Wealth LLC now owns 169 shares of the insurance provider’s stock worth $240,000 after purchasing an additional 31 shares during the period. Sentry Investment Management LLC bought a new stake in Markel Group in the fourth quarter worth $450,000. Mackenzie Financial Corp boosted its holdings in Markel Group by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider’s stock worth $183,935,000 after acquiring an additional 3,476 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Markel Group by 5.9% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 375 shares of the insurance provider’s stock worth $532,000 after acquiring an additional 21 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Markel Group by 2.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 30,931 shares of the insurance provider’s stock worth $43,919,000 after acquiring an additional 682 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Markel Group news, Director A. Lynne Puckett purchased 72 shares of the stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the acquisition, the director now directly owns 960 shares in the company, valued at approximately $1,352,908.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director A. Lynne Puckett bought 72 shares of the stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the acquisition, the director now owns 960 shares in the company, valued at $1,352,908.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on Friday, February 2nd. The stock was purchased 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 owns 45,039 shares of the company’s stock, valued at approximately $63,718,474.86. The disclosure for this purchase can be found here. Corporate insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

Shares of NYSE:MKL traded down $1.85 during midday trading on Tuesday, reaching $1,425.22. 8,103 shares of the company’s stock traded hands, compared to its average volume of 49,215. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 9.71 and a beta of 0.70. 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 one year low of $1,272.43 and a one year high of $1,560.00. The stock has a 50 day moving average of $1,482.32 and a 200 day moving average of $1,445.33.

Markel Group (NYSE:MKL) last announced its quarterly earnings results 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 firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. As a group, equities research analysts anticipate that Markel Group Inc. will post 80.08 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.