Cobblestone Capital Advisors LLC NY Acquires 1,243 Shares of Markel Group Inc. (NYSE:MKL)

Cobblestone Capital Advisors LLC NY increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,517 shares of the insurance provider’s stock after purchasing an additional 1,243 shares during the period. Markel Group makes up 1.8% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 17th biggest position. Cobblestone Capital Advisors LLC NY’s holdings in Markel Group were worth $33,691,000 as of its most recent SEC filing.

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

Markel Group Trading Up 1.9 %

Shares of Markel Group stock opened at $1,934.54 on Friday. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The stock has a market cap of $24.88 billion, a P/E ratio of 9.72 and a beta of 0.78. 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 business’s 50 day moving average is $1,811.85 and its 200-day moving average is $1,686.50.

Markel Group (NYSE:MKL) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. Equities research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the transaction, the director now directly owns 63,722 shares of the company’s stock, valued at $118,426,699.78. This represents a 1.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction 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 completion of the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at approximately $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. In the last three months, insiders have sold 2,034 shares of company stock valued at $3,778,952. 1.71% of the stock is owned by insiders.

Analysts Set New Price Targets

MKL has been the topic of several research reports. Royal Bank of Canada boosted their target price on 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. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Finally, TD Cowen cut 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 six have issued a hold rating to the stock. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average target price of $1,685.17.

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.