FPC Investment Advisory Inc. Takes Position in Markel Group Inc. (NYSE:MKL)

FPC Investment Advisory Inc. acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20 shares of the insurance provider’s stock, valued at approximately $37,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MKL. Gold Investment Management Ltd. grew its holdings in shares of Markel Group by 0.6% in the third quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider’s stock valued at $1,912,000 after purchasing an additional 7 shares in the last quarter. Gilbert & Cook Inc. grew its holdings in shares of Markel Group by 1.7% in the fourth quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock valued at $739,000 after purchasing an additional 7 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Markel Group by 3.4% in the fourth quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after purchasing an additional 7 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Markel Group by 1.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock valued at $810,000 after purchasing an additional 7 shares in the last quarter. Finally, Hunter Associates Investment Management LLC grew its holdings in shares of Markel Group by 1.1% in the third quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider’s stock valued at $1,170,000 after purchasing an additional 8 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of 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. 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. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,685.17.

Insiders Place Their Bets

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 acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Stock Down 0.9 %

NYSE:MKL opened at $1,837.64 on Friday. Markel Group Inc. has a twelve month low of $1,417.65 and a twelve month high of $2,063.68. The company has a market cap of $23.64 billion, a price-to-earnings ratio of 9.23 and a beta of 0.78. The stock has a fifty day simple moving average of $1,793.51 and a 200-day simple moving average of $1,674.40. 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 (NYSE:MKL) last released its quarterly earnings data 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%. Analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

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.