Raymond James Financial Inc. Takes Position in Markel Group Inc. (NYSE:MKL)

Raymond James Financial Inc. acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 57,202 shares of the insurance provider's stock, valued at approximately $98,743,000. Raymond James Financial Inc. owned 0.44% of Markel Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA increased its position in shares of Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider's stock valued at $55,000 after purchasing an additional 6 shares during the last quarter. Gilbert & Cook Inc. raised its stake in Markel Group by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after buying an additional 7 shares in the last quarter. Greenleaf Trust lifted its holdings in Markel Group by 3.4% during the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider's stock worth $368,000 after buying an additional 7 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Markel Group by 1.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider's stock worth $810,000 after acquiring an additional 7 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Markel Group by 3.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 343 shares of the insurance provider's stock valued at $538,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. TD Cowen downgraded Markel Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. 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 note 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $1,685.17.

Markel Group Price Performance

MKL traded down $10.23 on Wednesday, hitting $1,816.88. 38,350 shares of the company were exchanged, compared to its average volume of 71,317. The business's fifty day moving average is $1,831.27 and its 200 day moving average is $1,704.57. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $23.20 billion, a P/E ratio of 9.13 and a beta of 0.81.

Markel Group (NYSE:MKL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (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 anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insider Activity

In other Markel Group news, Director Steven A. Markel sold 800 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the sale, the director now directly owns 64,868 shares of the company's stock, valued at $120,446,902.40. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average price 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 owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 over the last ninety days. 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.