Markel Group Inc. (NYSE:MKL) Shares Purchased by Financial Security Advisor Inc.

Financial Security Advisor Inc. lifted its stake in Markel Group Inc. (NYSE:MKL) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 499 shares of the insurance provider’s stock after purchasing an additional 33 shares during the period. Financial Security Advisor Inc.’s holdings in Markel Group were worth $759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Markel Group during the 4th quarter valued at about $214,216,000. Boston Partners increased its holdings in Markel Group by 400.1% during the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock valued at $222,771,000 after acquiring an additional 125,507 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Markel Group during the 1st quarter valued at about $133,143,000. Jennison Associates LLC increased its holdings in Markel Group by 111.3% during the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after acquiring an additional 41,086 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new position in Markel Group during the 1st quarter valued at about $60,937,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity at Markel Group

In other Markel Group news, Director Greta J. Harris sold 122 shares of Markel Group stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the transaction, the director now directly owns 634 shares of the company’s stock, valued at $1,027,606.22. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Steven A. Markel sold 3,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the transaction, the director now directly owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the transaction, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is owned by insiders.

Markel Group Trading Up 0.2 %

Markel Group stock traded up $3.45 during trading on Tuesday, reaching $1,578.79. The company had a trading volume of 38,386 shares, compared to its average volume of 45,688. Markel Group Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. The stock’s 50 day moving average price is $1,581.79 and its two-hundred day moving average price is $1,501.85. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 8.49 and a beta of 0.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.62 billion. As a group, equities analysts expect that Markel Group Inc. will post 82.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MKL shares. Janney Montgomery Scott restated a “neutral” rating and set a $1,600.00 target price on shares of Markel Group in a report on Friday, March 15th. Truist Financial lifted their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Royal Bank of Canada lifted their price target on shares of Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1,520.00.

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.