Gilliland Jeter Wealth Management LLC Invests $527,000 in Markel Group Inc. (NYSE:MKL)

Gilliland Jeter Wealth Management LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 371 shares of the insurance provider’s stock, valued at approximately $527,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley boosted its position in shares of Markel Group by 3.2% during the third quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock worth $793,979,000 after buying an additional 16,597 shares during the period. Mackenzie Financial Corp boosted its holdings in Markel Group by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider’s stock valued at $183,935,000 after purchasing an additional 3,476 shares during the period. Scharf Investments LLC boosted its holdings in Markel Group by 4.0% in the fourth quarter. Scharf Investments LLC now owns 126,920 shares of the insurance provider’s stock valued at $180,214,000 after purchasing an additional 4,933 shares during the period. Legal & General Group Plc boosted its holdings in Markel Group by 3.0% in the third quarter. Legal & General Group Plc now owns 94,781 shares of the insurance provider’s stock valued at $139,564,000 after purchasing an additional 2,736 shares during the period. Finally, Northern Trust Corp boosted its holdings in Markel Group by 2.2% in the third quarter. Northern Trust Corp now owns 88,501 shares of the insurance provider’s stock valued at $130,317,000 after purchasing an additional 1,929 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Stock Performance

Shares of NYSE MKL traded down $14.43 during midday trading on Friday, reaching $1,436.52. 33,777 shares of the company were exchanged, compared to its average volume of 37,614. Markel Group Inc. has a 1 year low of $1,272.43 and a 1 year high of $1,560.00. The stock has a fifty day simple moving average of $1,483.67 and a 200 day simple moving average of $1,444.82. The stock has a market cap of $18.73 billion, a P/E ratio of 9.77 and a beta of 0.70. 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 results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, topping the consensus estimate of $23.58 by $32.90. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.75 billion. On average, research analysts forecast that Markel Group Inc. will post 80.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Markel Group

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

About Markel Group

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.