J.W. Cole Advisors Inc. Acquires 73 Shares of Markel Group Inc. (NYSE:MKL)

J.W. Cole Advisors Inc. lifted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 491 shares of the insurance provider’s stock after acquiring an additional 73 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Markel Group were worth $848,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Blue Zone Wealth Advisors LLC lifted its stake in shares of Markel Group by 2.7% during the 4th quarter. Blue Zone Wealth Advisors LLC now owns 2,358 shares of the insurance provider’s stock worth $4,070,000 after buying an additional 62 shares during the last quarter. WealthPlan Investment Management LLC raised its holdings in Markel Group by 11.1% in the 4th quarter. WealthPlan Investment Management LLC now owns 460 shares of the insurance provider’s stock valued at $794,000 after acquiring an additional 46 shares during the period. Constant Guidance Financial LLC acquired a new stake in Markel Group during the fourth quarter worth approximately $801,000. Values Added Financial LLC boosted its holdings in shares of Markel Group by 76.5% during the fourth quarter. Values Added Financial LLC now owns 1,064 shares of the insurance provider’s stock worth $1,837,000 after acquiring an additional 461 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Markel Group by 23.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,619 shares of the insurance provider’s stock valued at $4,498,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on MKL shares. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada raised their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1,685.17.

Markel Group Stock Up 0.2 %

Shares of NYSE MKL opened at $1,872.34 on Wednesday. The stock has a market capitalization of $24.08 billion, a P/E ratio of 9.41 and a beta of 0.78. The stock’s fifty day moving average is $1,784.88 and its 200 day moving average is $1,666.20. 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 debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) 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%. Sell-side analysts forecast that Markel Group Inc. will post 97.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, 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 document filed with the SEC, which is available through this link. Corporate insiders own 1.71% of the company’s stock.

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.