Markel Group Inc. (NYSE:MKL) Shares Bought by Mills Wealth Advisors LLC

Mills Wealth Advisors LLC lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 24.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 244 shares of the insurance provider’s stock after buying an additional 48 shares during the quarter. Mills Wealth Advisors LLC’s holdings in Markel Group were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MKL. Brooklyn Investment Group purchased a new stake in Markel Group in the 3rd quarter worth approximately $31,000. FPC Investment Advisory Inc. acquired a new stake in Markel Group in the 4th quarter worth about $37,000. Larson Financial Group LLC purchased a new stake in Markel Group in the 3rd quarter valued at about $36,000. Global Trust Asset Management LLC acquired a new position in shares of Markel Group during the 4th quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Markel Group during the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the company’s stock in a transaction on Friday, February 7th. The shares were purchased at an average cost 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 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven A. Markel sold 88 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total transaction of $163,682.64. Following the transaction, the director now directly owns 63,436 shares of the company’s stock, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock worth $3,778,952 in the last 90 days. 1.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MKL has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Royal Bank of Canada upped their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,685.17.

Markel Group Stock Performance

Shares of MKL stock opened at $1,900.29 on Friday. The company’s fifty day simple moving average is $1,807.70 and its 200-day simple moving average is $1,683.54. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. 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 $24.44 billion, a PE ratio of 9.55 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

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.