Marks Group Wealth Management Inc Buys 80 Shares of Markel Group Inc. (NYSE:MKL)

Marks Group Wealth Management Inc lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 28.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 358 shares of the insurance provider’s stock after acquiring an additional 80 shares during the period. Marks Group Wealth Management Inc’s holdings in Markel Group were worth $508,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management bought a new position in shares of Markel Group during the third quarter valued at about $343,000. SG Americas Securities LLC lifted its position in Markel Group by 1,685.1% in the third quarter. SG Americas Securities LLC now owns 1,678 shares of the insurance provider’s stock valued at $2,471,000 after purchasing an additional 1,584 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Markel Group by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 2,368 shares of the insurance provider’s stock valued at $3,486,000 after purchasing an additional 10 shares during the period. Goldstein Advisors LLC bought a new position in shares of Markel Group in the third quarter worth approximately $200,000. Finally, Oak Thistle LLC purchased a new position in shares of Markel Group in the third quarter worth $1,231,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Up 0.6 %

Markel Group stock opened at $1,479.65 on Wednesday. Markel Group Inc. has a 12 month low of $1,272.43 and a 12 month high of $1,560.00. The company has a market capitalization of $19.29 billion, a price-to-earnings ratio of 10.07 and a beta of 0.70. The business’s fifty day simple moving average is $1,484.74 and its two-hundred day simple moving average is $1,444.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, beating the consensus estimate of $23.58 by $32.90. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. As a group, equities analysts predict that Markel Group Inc. will post 80.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $1,475.00 price target on shares of Markel Group in a report on Friday, February 2nd. Janney Montgomery Scott reiterated a “neutral” rating and issued a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Finally, Jefferies Financial Group lowered Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $1,450.00.

Insider Activity at Markel Group

In other Markel Group news, Director A. Lynne Puckett purchased 72 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was purchased at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the purchase, the director now directly owns 960 shares of the company’s stock, valued at $1,352,908.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The stock was bought at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the completion of the transaction, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A. Lynne Puckett bought 72 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the transaction, the director now directly owns 960 shares of the company’s stock, valued at approximately $1,352,908.80. The disclosure for this purchase can be found here. 1.71% of the stock is owned by insiders.

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.