Modern Wealth Management LLC Buys 22 Shares of Markel Group Inc. (NYSE:MKL)

Modern Wealth Management LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,443 shares of the insurance provider’s stock after purchasing an additional 22 shares during the quarter. Modern Wealth Management LLC’s holdings in Markel Group were worth $2,491,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC raised its holdings in shares of Markel Group by 18.4% during the 3rd quarter. Intech Investment Management LLC now owns 862 shares of the insurance provider’s stock worth $1,352,000 after acquiring an additional 134 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 purchasing an additional 766 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Markel Group by 16.0% in the 3rd quarter. Cerity Partners LLC now owns 4,540 shares of the insurance provider’s stock worth $7,121,000 after buying an additional 625 shares in the last quarter. Larson Financial Group LLC bought a new stake in shares of Markel Group in the 3rd quarter worth about $36,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Markel Group by 12.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 990 shares of the insurance provider’s stock valued at $1,553,000 after buying an additional 110 shares in the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Markel Group Trading Down 0.3 %

Shares of NYSE MKL opened at $1,863.65 on Wednesday. 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 company has a market cap of $23.80 billion, a price-to-earnings ratio of 9.36 and a beta of 0.82. The business’s 50 day moving average price is $1,859.72 and its 200-day moving average price is $1,723.67.

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 return on equity of 7.55% and a net margin of 16.34%. On average, sell-side analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current year.

Insider Activity at Markel Group

In other news, Director Steven A. Markel sold 88 shares of Markel Group stock in a transaction that occurred 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 completion of the sale, the director now owns 63,436 shares of the company’s stock, valued at approximately $117,992,863.08. The trade was a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $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 sold 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.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada increased their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus target price of $1,702.20.

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.