Entropy Technologies LP Buys 280 Shares of Markel Group Inc. (NYSE:MKL)

Entropy Technologies LP raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 74.9% in the fourth quarter, Holdings Channel reports. The fund owned 654 shares of the insurance provider’s stock after acquiring an additional 280 shares during the period. Entropy Technologies LP’s holdings in Markel Group were worth $1,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in Markel Group during the 3rd quarter valued at about $31,000. Toth Financial Advisory Corp raised its stake in shares of Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 20 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of Markel Group in the 3rd quarter worth approximately $36,000. Global Trust Asset Management LLC bought a new stake in Markel Group during the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Markel Group during the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on MKL shares. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada increased their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,685.17.

Markel Group Trading Down 1.8 %

Shares of MKL opened at $1,989.69 on Tuesday. The stock’s fifty day simple moving average is $1,766.15 and its 200-day simple moving average is $1,653.46. The firm has a market capitalization of $25.59 billion, a PE ratio of 10.00 and a beta of 0.78. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (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%. As a group, research analysts predict that Markel Group Inc. will post 97.92 earnings per share for the current year.

Insider Buying and Selling at Markel Group

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the business’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.71% of the company’s stock.

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.