GM Advisory Group LLC Invests $218,000 in Markel Group Inc. (NYSE:MKL)

GM Advisory Group LLC bought a new stake in Markel Group Inc. (NYSE:MKL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 126 shares of the insurance provider’s stock, valued at approximately $218,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Markel Group during the 4th quarter worth $121,000. Vinva Investment Management Ltd raised its stake in Markel Group by 13.6% in the fourth quarter. Vinva Investment Management Ltd now owns 603 shares of the insurance provider’s stock valued at $1,040,000 after buying an additional 72 shares in the last quarter. Xponance Inc. lifted its holdings in Markel Group by 9.9% during the 4th quarter. Xponance Inc. now owns 1,592 shares of the insurance provider’s stock worth $2,748,000 after buying an additional 143 shares during the last quarter. Boston Partners boosted its position in shares of Markel Group by 17.6% during the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock worth $486,580,000 after acquiring an additional 42,178 shares in the last quarter. Finally, Kennondale Capital Management LLC purchased a new position in shares of Markel Group in the 4th quarter valued at about $26,556,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the subject of several recent analyst reports. 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 note on Friday, February 7th. TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One investment 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, the company presently has a consensus rating of “Hold” and an average price target of $1,702.20.

Insider Activity at Markel Group

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 800 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the sale, the director now owns 64,868 shares of the company’s stock, valued at $120,446,902.40. This trade represents a 1.22 % 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 quarter. Company insiders own 1.71% of the company’s stock.

Markel Group Stock Performance

Shares of MKL opened at $1,851.92 on Thursday. The company’s 50 day simple moving average is $1,846.64 and its 200-day simple moving average is $1,714.52. The firm has a market cap of $23.65 billion, a PE ratio of 9.30 and a beta of 0.82. 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 current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last issued its quarterly earnings data 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%. As a group, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

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.