Financial Security Advisor Inc. Buys 33 Shares of Markel Group Inc. (NYSE:MKL)

Financial Security Advisor Inc. boosted its holdings in Markel Group Inc. (NYSE:MKL) by 7.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 499 shares of the insurance provider’s stock after acquiring an additional 33 shares during the period. Financial Security Advisor Inc.’s holdings in Markel Group were worth $759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MKL. LPL Financial LLC raised its stake in Markel Group by 5.0% in the 3rd quarter. LPL Financial LLC now owns 4,038 shares of the insurance provider’s stock valued at $5,945,000 after acquiring an additional 192 shares during the period. O Shaughnessy Asset Management LLC increased its position in Markel Group by 118.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,092 shares of the insurance provider’s stock worth $1,608,000 after buying an additional 591 shares during the period. Bank of Nova Scotia increased its position in Markel Group by 18.2% during the 3rd quarter. Bank of Nova Scotia now owns 299 shares of the insurance provider’s stock worth $440,000 after buying an additional 46 shares during the period. Gotham Asset Management LLC bought a new position in Markel Group during the 3rd quarter worth $729,000. Finally, Schonfeld Strategic Advisors LLC increased its position in Markel Group by 477.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,063 shares of the insurance provider’s stock worth $1,565,000 after buying an additional 879 shares during the period. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Janney Montgomery Scott reiterated a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a research report on Friday, March 15th. Royal Bank of Canada increased their target price on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Finally, Truist Financial increased their target price on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,520.00.

Markel Group Trading Up 0.2 %

Shares of MKL stock traded up $3.45 during mid-day trading on Tuesday, reaching $1,578.79. 38,386 shares of the stock traded hands, compared to its average volume of 45,688. The stock’s fifty day simple moving average is $1,581.79 and its two-hundred day simple moving average is $1,501.85. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The company has a market cap of $20.52 billion, a price-to-earnings ratio of 8.49 and a beta of 0.73. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.25.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.62 billion. On average, research analysts anticipate that Markel Group Inc. will post 82.83 EPS for the current fiscal year.

Insider Activity

In other news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the transaction, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the transaction, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the transaction, the director now owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Markel Group 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.