Constant Guidance Financial LLC acquired a new position in Markel Group Inc. (NYSE:MKL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 464 shares of the insurance provider's stock, valued at approximately $801,000. Markel Group accounts for approximately 0.7% of Constant Guidance Financial LLC's investment portfolio, making the stock its 26th biggest position.
Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of Markel Group during the 3rd quarter worth about $31,000. Toth Financial Advisory Corp grew its position in shares of Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider's stock worth $35,000 after buying an additional 20 shares during the period. Larson Financial Group LLC acquired a new position in shares of Markel Group during the 3rd quarter worth about $36,000. Global Trust Asset Management LLC acquired a new position in shares of Markel Group during the 4th quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Markel Group during the 3rd quarter worth about $42,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada boosted their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company 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 assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $1,685.17.
View Our Latest Stock Report on Markel Group
Insider Transactions at Markel Group
In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm's stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.71% of the company's stock.
Markel Group Stock Down 0.9 %
NYSE MKL traded down $17.69 during trading on Wednesday, hitting $1,856.10. The stock had a trading volume of 66,185 shares, compared to its average volume of 74,731. The company has a market capitalization of $23.87 billion, a PE ratio of 9.33 and a beta of 0.78. The company's 50-day moving average price is $1,789.25 and its two-hundred day moving average price is $1,669.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68.
Markel Group (NYSE:MKL - Get Free Report) last released its 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%. As a group, sell-side analysts forecast that Markel Group Inc. will post 96.25 EPS for the current year.
Markel Group Profile
(
Free Report)
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.
Further Reading
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