Live Oak Private Wealth LLC Sells 28 Shares of Markel Group Inc. (NYSE:MKL)

Live Oak Private Wealth LLC reduced its position in shares of Markel Group Inc. (NYSE:MKL) by 0.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,256 shares of the insurance provider’s stock after selling 28 shares during the quarter. Markel Group makes up 1.8% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 12th largest holding. Live Oak Private Wealth LLC’s holdings in Markel Group were worth $10,799,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of Markel Group during the third quarter worth approximately $31,000. Toth Financial Advisory Corp raised its stake in Markel Group by 1,000.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new stake in Markel Group in the 3rd quarter valued at $36,000. Global Trust Asset Management LLC bought a new stake in Markel Group in the 4th quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Markel Group in the 3rd quarter worth $42,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Trading Up 10.7 %

Shares of Markel Group stock opened at $2,059.04 on Friday. The stock has a market capitalization of $26.48 billion, a P/E ratio of 9.50 and a beta of 0.78. Markel Group Inc. has a 12-month low of $1,405.11 and a 12-month high of $2,063.68. 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 company has a 50-day simple moving average of $1,755.78 and a 200 day simple moving average of $1,646.10.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Research analysts expect that Markel Group Inc. will post 86.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MKL shares. Royal Bank of Canada reduced their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1,626.83.

Markel Group 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.