Stonebridge Financial Group LLC Takes Position in Markel Group Inc. (NYSE:MKL)

Stonebridge Financial Group LLC acquired a new stake in Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 67 shares of the insurance provider’s stock, valued at approximately $116,000.

Several other hedge funds have also added to or reduced their stakes in the business. Brooklyn Investment Group bought a new position in shares of Markel Group during the third quarter valued at $31,000. Toth Financial Advisory Corp raised its position 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 worth $35,000 after purchasing an additional 20 shares during the last quarter. Larson Financial Group LLC acquired a new position in Markel Group during the 3rd quarter worth about $36,000. Global Trust Asset Management LLC acquired a new position in Markel Group during the 4th quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Markel Group in the third quarter valued at about $42,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MKL. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada upped their price objective on shares of 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, five have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,685.17.

Markel Group Price Performance

Markel Group stock opened at $1,897.59 on Thursday. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 9.53 and a beta of 0.78. 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 debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock’s 50 day moving average price is $1,774.65 and its two-hundred day moving average price is $1,658.76.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (EPS) 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, equities analysts predict that Markel Group Inc. will post 97.92 earnings per share for the current year.

Insider Transactions at Markel Group

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated Friday, February 7th. The shares were bought 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 $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.71% of the company’s stock.

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.