Markel Group Inc. (NYSE:MKL) Shares Acquired by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,105 shares of the insurance provider’s stock after purchasing an additional 29 shares during the period. Beacon Pointe Advisors LLC’s holdings in Markel Group were worth $3,634,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in Markel Group during the 4th quarter worth about $37,000. SBI Securities Co. Ltd. purchased a new position in shares of Markel Group in the fourth quarter worth approximately $36,000. Global Trust Asset Management LLC acquired a new stake in shares of Markel Group during the fourth quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Markel Group in the 3rd quarter valued at approximately $42,000. Finally, Private Trust Co. NA boosted its stake in Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 6 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MKL shares. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada raised their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, Markel Group presently has a consensus rating of “Hold” and a consensus target price of $1,702.20.

Insider Transactions at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Steven A. Markel sold 800 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value 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 approximately $120,446,902.40. This trade represents 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 90 days. 1.66% of the stock is owned by insiders.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,821.49 on Wednesday. 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 one year low of $1,445.81 and a one year high of $2,063.68. The business’s 50-day moving average price is $1,824.46 and its two-hundred day moving average price is $1,763.80. The company has a market capitalization of $23.15 billion, a P/E ratio of 9.15 and a beta of 0.70.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 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%. Analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.