Strategent Financial LLC Purchases Shares of 737 Markel Group Inc. (NYSE:MKL)

Strategent Financial LLC acquired a new position in Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 737 shares of the insurance provider’s stock, valued at approximately $1,272,000. Markel Group accounts for approximately 1.3% of Strategent Financial LLC’s portfolio, making the stock its 14th biggest position.

Other institutional investors also recently modified their holdings of the company. Pavion Blue Capital LLC increased its stake in Markel Group by 1.4% in the fourth quarter. Pavion Blue Capital LLC now owns 1,559 shares of the insurance provider’s stock valued at $2,691,000 after acquiring an additional 22 shares during the period. Wealthspire Advisors LLC boosted its holdings in Markel Group by 64.2% during the fourth quarter. Wealthspire Advisors LLC now owns 266 shares of the insurance provider’s stock valued at $459,000 after purchasing an additional 104 shares in the last quarter. FPC Investment Advisory Inc. bought a new stake in shares of Markel Group in the 4th quarter valued at approximately $37,000. Concurrent Investment Advisors LLC raised its holdings in shares of Markel Group by 1.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock worth $810,000 after buying an additional 7 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Markel Group by 14.7% during the 4th quarter. Handelsbanken Fonder AB now owns 2,870 shares of the insurance provider’s stock worth $4,954,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price 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 of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.71% of the company’s stock.

Markel Group Price Performance

Shares of MKL opened at $1,848.75 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $23.78 billion, a PE ratio of 9.29 and a beta of 0.78. The stock has a 50 day simple moving average of $1,795.94 and a 200 day simple moving average of $1,678.01. Markel Group Inc. has a 52-week low of $1,417.65 and a 52-week high of $2,063.68.

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%. Sell-side analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MKL shares. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada increased 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 report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $1,685.17.

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.