Markel Group Inc. (NYSE:MKL) Shares Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC lifted its stake in shares of Markel Group Inc. (NYSE:MKL) by 11.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 156 shares of the insurance provider’s stock after purchasing an additional 16 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Markel Group were worth $222,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in Markel Group by 0.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 2,234 shares of the insurance provider’s stock valued at $3,290,000 after purchasing an additional 15 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Markel Group by 1.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 8,346 shares of the insurance provider’s stock valued at $12,289,000 after buying an additional 100 shares in the last quarter. Cigna Investments Inc. New acquired a new position in shares of Markel Group during the 3rd quarter worth $203,000. Live Oak Private Wealth LLC boosted its position in shares of Markel Group by 1.0% in the 3rd quarter. Live Oak Private Wealth LLC now owns 6,008 shares of the insurance provider’s stock worth $8,847,000 after buying an additional 60 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in Markel Group in the 3rd quarter valued at about $203,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling

In related news, Director A. Lynne Puckett purchased 72 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the acquisition, the director now directly owns 960 shares in the company, valued at $1,352,908.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director A. Lynne Puckett acquired 72 shares of Markel Group stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the purchase, the director now directly owns 960 shares in the company, valued at approximately $1,352,908.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the purchase, the chief executive officer now owns 45,039 shares of the company’s stock, valued at approximately $63,718,474.86. The disclosure for this purchase can be found here. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Performance

Shares of MKL opened at $1,450.50 on Tuesday. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 9.87 and a beta of 0.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,560.00. The company’s 50 day simple moving average is $1,483.45 and its 200 day simple moving average is $1,444.11.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share for the quarter, topping analysts’ consensus estimates of $23.58 by $32.90. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.75 billion. On average, sell-side analysts predict that Markel Group Inc. will post 80.08 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on MKL. Royal Bank of Canada restated a “sector perform” rating and set a $1,475.00 target price on shares of Markel Group in a research report on Friday, February 2nd. Janney Montgomery Scott restated a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a research report on Friday, March 15th. Finally, Jefferies Financial Group cut Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Markel Group has an average rating of “Hold” and a consensus price target of $1,450.00.

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.