Anchor Capital Advisors LLC Sells 1,875 Shares of Markel Group Inc. (NYSE:MKL)

Anchor Capital Advisors LLC reduced its position in Markel Group Inc. (NYSE:MKL) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,035 shares of the insurance provider’s stock after selling 1,875 shares during the period. Markel Group makes up approximately 2.0% of Anchor Capital Advisors LLC’s holdings, making the stock its 6th largest holding. Anchor Capital Advisors LLC owned approximately 0.31% of Markel Group worth $69,109,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Markel Group during the third quarter worth approximately $31,000. Larson Financial Group LLC acquired a new stake in Markel Group in the 3rd quarter valued at $36,000. FPC Investment Advisory Inc. purchased a new position in Markel Group in the fourth quarter valued at about $37,000. Global Trust Asset Management LLC acquired a new position in shares of Markel Group during the fourth quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Markel Group in the third quarter worth about $42,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Up 0.7 %

Shares of NYSE:MKL opened at $1,900.29 on Friday. The firm has a market cap of $24.44 billion, a PE ratio of 9.55 and a beta of 0.78. The company has a fifty day simple moving average of $1,807.70 and a 200 day simple moving average of $1,683.54. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68.

Markel Group (NYSE:MKL) last issued 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%. On average, equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada raised their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Insider Activity at Markel Group

In other Markel Group news, Director Steven A. Markel sold 800 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the completion of the transaction, the director now owns 64,868 shares in the company, valued at approximately $120,446,902.40. This represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 2,034 shares of company stock worth $3,778,952 in the last 90 days. 1.71% of the stock is currently owned by company insiders.

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.