Corient Private Wealth LLC Has $5.22 Million Holdings in Markel Group Inc. (NYSE:MKL)

Corient Private Wealth LLC boosted its holdings in Markel Group Inc. (NYSE:MKL) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,023 shares of the insurance provider’s stock after buying an additional 52 shares during the quarter. Corient Private Wealth LLC’s holdings in Markel Group were worth $5,218,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Natixis Advisors LLC boosted its stake in shares of Markel Group by 3.4% during the fourth quarter. Natixis Advisors LLC now owns 13,050 shares of the insurance provider’s stock valued at $22,527,000 after purchasing an additional 427 shares in the last quarter. Wellington Shields & Co. LLC boosted its stake in shares of Markel Group by 4.3% during the fourth quarter. Wellington Shields & Co. LLC now owns 145 shares of the insurance provider’s stock valued at $250,000 after purchasing an additional 6 shares in the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of Markel Group during the fourth quarter valued at about $493,000. Avantax Advisory Services Inc. boosted its stake in shares of Markel Group by 12.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 299 shares of the insurance provider’s stock valued at $516,000 after purchasing an additional 32 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Markel Group by 45.7% during the fourth quarter. Farther Finance Advisors LLC now owns 134 shares of the insurance provider’s stock valued at $231,000 after purchasing an additional 42 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the sale, the director now owns 63,722 shares of the company’s stock, valued at approximately $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is owned by corporate insiders.

Markel Group Price Performance

Shares of MKL opened at $1,833.40 on Friday. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $23.41 billion, a price-to-earnings ratio of 9.21 and a beta of 0.82. The business has a 50-day moving average of $1,852.81 and a 200-day moving average of $1,717.05.

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 analysts’ consensus estimates 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 research analysts anticipate that Markel Group Inc. will post 96.25 earnings per share 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.