LPL Financial LLC boosted its position in Markel Group Inc. (NYSE:MKL - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,164 shares of the insurance provider's stock after buying an additional 453 shares during the period. LPL Financial LLC's holdings in Markel Group were worth $10,641,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Markel Group in the 4th quarter valued at about $36,000. FPC Investment Advisory Inc. bought a new stake in Markel Group in the fourth quarter worth approximately $37,000. Global Trust Asset Management LLC acquired a new position in Markel Group in the fourth quarter valued at approximately $41,000. Wilmington Savings Fund Society FSB bought a new position in shares of Markel Group during the 3rd quarter worth approximately $42,000. Finally, Quarry LP grew its position in shares of Markel Group by 3,000.0% during the 3rd quarter. Quarry LP now owns 31 shares of the insurance provider's stock worth $49,000 after buying an additional 30 shares during the period. Institutional investors own 77.12% of the company's stock.
Insider Activity at Markel Group
In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the sale, the director now owns 64,868 shares in the company, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,034 shares of company stock valued at $3,778,952 over the last 90 days. Insiders own 1.71% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada upped their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $1,702.20.
Read Our Latest Research Report on Markel Group
Markel Group Stock Down 0.4 %
MKL stock traded down $6.73 during midday trading on Tuesday, reaching $1,671.77. 51,839 shares of the company's stock traded hands, compared to its average volume of 47,913. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm's fifty day moving average price is $1,860.13 and its 200-day moving average price is $1,740.86. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The company has a market cap of $21.35 billion, a price-to-earnings ratio of 8.40 and a beta of 0.70.
Markel Group (NYSE:MKL - Get Free Report) last posted 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 return on equity of 7.55% and a net margin of 16.34%. As a group, sell-side analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.
About Markel Group
(
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.
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