Markel Group Inc. (NYSE:MKL) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its holdings in Markel Group Inc. (NYSE:MKL) by 45.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 134 shares of the insurance provider’s stock after purchasing an additional 42 shares during the quarter. Farther Finance Advisors LLC’s holdings in Markel Group were worth $231,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in Markel Group during the 3rd quarter worth approximately $31,000. Larson Financial Group LLC purchased a new stake in Markel Group during the 3rd quarter worth approximately $36,000. SBI Securities Co. Ltd. purchased a new stake in Markel Group during the 4th quarter worth approximately $36,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group during the 4th quarter worth approximately $37,000. Finally, Global Trust Asset Management LLC purchased a new stake in Markel Group during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

MKL stock opened at $1,844.02 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The business has a 50 day simple moving average of $1,843.78 and a 200-day simple moving average of $1,713.55. The firm has a market capitalization of $23.55 billion, a PE ratio of 9.26 and a beta of 0.82. Markel Group Inc. has a 1 year low of $1,417.65 and a 1 year high of $2,063.68.

Markel Group (NYSE:MKL) last issued 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 return on equity of 7.55% and a net margin of 16.34%. Equities research analysts anticipate 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 transaction of $2,129,829.54. Following the transaction, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. This represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were purchased 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 directly 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. Over the last three months, insiders sold 2,034 shares of company stock worth $3,778,952. Company insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

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

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.