Anchor Investment Management LLC Buys 81 Shares of Markel Group Inc. (NYSE:MKL)

Anchor Investment Management LLC boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 132.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142 shares of the insurance provider’s stock after buying an additional 81 shares during the quarter. Anchor Investment Management LLC’s holdings in Markel Group were worth $245,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Markel Group in the fourth quarter valued at approximately $36,000. FPC Investment Advisory Inc. bought a new stake in Markel Group during the 4th quarter valued at $37,000. Global Trust Asset Management LLC bought a new position in shares of Markel Group during the 4th quarter worth $41,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Markel Group during the third quarter valued at $42,000. Finally, Private Trust Co. NA raised its holdings in shares of Markel Group by 23.1% in the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after acquiring an additional 6 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MKL has been the topic of a number of research reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their price objective 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 research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,702.20.

Markel Group Stock Down 0.9 %

NYSE:MKL opened at $1,764.64 on Thursday. The company’s 50-day simple moving average is $1,843.69 and its 200-day simple moving average is $1,748.60. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The stock has a market capitalization of $22.43 billion, a P/E ratio of 8.87 and a beta of 0.70.

Markel Group (NYSE:MKL) last released its quarterly 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%. On average, equities analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, for a total transaction 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 trade represents a 0.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven A. Markel sold 800 shares of Markel Group 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 sale, the director now owns 64,868 shares of the company’s stock, valued at $120,446,902.40. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock worth $3,778,952 in the last ninety days. 1.66% of the stock is owned by insiders.

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.