Markel Group Inc. (NYSE:MKL) Shares Acquired by Fi3 FINANCIAL ADVISORS LLC

Fi3 FINANCIAL ADVISORS LLC increased its position in shares of Markel Group Inc. (NYSE:MKL) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 705 shares of the insurance provider’s stock after acquiring an additional 17 shares during the period. Markel Group accounts for 0.5% of Fi3 FINANCIAL ADVISORS LLC’s holdings, making the stock its 27th biggest position. Fi3 FINANCIAL ADVISORS LLC’s holdings in Markel Group were worth $1,217,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Markel Group in the fourth quarter valued at approximately $169,852,000. Davis Selected Advisers lifted its stake in Markel Group by 27.9% in the 4th quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock valued at $639,606,000 after buying an additional 80,922 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Markel Group during the 4th quarter valued at $98,743,000. Boston Partners increased its position in Markel Group by 17.6% during the fourth quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock worth $486,580,000 after buying an additional 42,178 shares in the last quarter. Finally, Empirical Asset Management LLC acquired a new position in shares of Markel Group in the fourth quarter worth $54,173,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Down 0.8 %

NYSE:MKL opened at $1,833.40 on Friday. The firm has a market capitalization of $23.41 billion, a PE ratio of 9.21 and a beta of 0.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68. The business’s 50-day moving average is $1,852.81 and its two-hundred day moving average is $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 the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. Research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Transactions at Markel Group

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was purchased 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 $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Steven A. Markel sold 1,146 shares of the 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 transaction, the director now directly owns 63,722 shares in the company, valued at approximately $118,426,699.78. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MKL. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada lifted their target price on shares of 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. One 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.com, Markel Group currently has a consensus rating of “Hold” and a consensus price target of $1,702.20.

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.