Modern Wealth Management LLC Buys 22 Shares of Markel Group Inc. (NYSE:MKL)

Modern Wealth Management LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,443 shares of the insurance provider’s stock after buying an additional 22 shares during the period. Modern Wealth Management LLC’s holdings in Markel Group were worth $2,491,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new position in shares of Markel Group in the 3rd quarter worth about $31,000. Larson Financial Group LLC bought a new position in shares of Markel Group in the third quarter worth approximately $36,000. SBI Securities Co. Ltd. purchased a new stake in shares of Markel Group during the fourth quarter valued at approximately $36,000. FPC Investment Advisory Inc. bought a new stake in shares of Markel Group during the fourth quarter valued at approximately $37,000. Finally, Global Trust Asset Management LLC purchased a new position in Markel Group in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on MKL shares. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada boosted their target price on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,702.20.

Markel Group Stock Performance

NYSE:MKL opened at $1,863.65 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50-day simple moving average of $1,859.72 and a two-hundred day simple moving average of $1,723.67. The firm has a market capitalization of $23.80 billion, a PE ratio of 9.36 and a beta of 0.82. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68.

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 the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the sale, the director now directly owns 63,436 shares in the company, valued at $117,992,863.08. This trade represents a 0.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 in the last three months. Company 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.