SRS Capital Advisors Inc. Sells 271 Shares of Markel Group Inc. (NYSE:MKL)

SRS Capital Advisors Inc. lessened its holdings in shares of Markel Group Inc. (NYSE:MKL) by 63.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 157 shares of the insurance provider’s stock after selling 271 shares during the period. SRS Capital Advisors Inc.’s holdings in Markel Group were worth $271,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. State Street Corp grew its holdings in shares of Markel Group by 4.2% during the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after purchasing an additional 13,372 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Markel Group by 5.2% during the third quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after purchasing an additional 10,254 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Markel Group during the fourth quarter worth $169,852,000. Jennison Associates LLC lifted its stake in shares of Markel Group by 9.9% during the fourth quarter. Jennison Associates LLC now owns 78,735 shares of the insurance provider’s stock valued at $135,915,000 after acquiring an additional 7,102 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Markel Group by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 55,718 shares of the insurance provider’s stock valued at $87,398,000 after acquiring an additional 766 shares during the period. Institutional investors own 77.12% of the company’s stock.

Analyst Ratings Changes

MKL has been the topic of several research reports. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada upped their price target 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 investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Trading Down 2.6 %

NYSE:MKL opened at $1,868.10 on Wednesday. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68. The business’s 50-day moving average price is $1,817.75 and its two-hundred day moving average price is $1,693.61. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 9.39 and a beta of 0.78.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. On average, equities analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, with a total value 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 $98,282,049.45. This trade represents a 0.20 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the sale, the director now directly owns 63,722 shares in the company, valued at approximately $118,426,699.78. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is currently owned by company 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.