Centaurus Financial Inc. Acquires 20 Shares of Markel Group Inc. (NYSE:MKL)

Centaurus Financial Inc. raised its holdings in Markel Group Inc. (NYSE:MKL) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,359 shares of the insurance provider’s stock after acquiring an additional 20 shares during the period. Centaurus Financial Inc.’s holdings in Markel Group were worth $3,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MKL. GAMMA Investing LLC bought a new position in shares of Markel Group in the 4th quarter valued at about $30,000. Blue Trust Inc. lifted its stake in Markel Group by 133.3% in the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 12 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Markel Group by 40.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 80 shares of the insurance provider’s stock valued at $114,000 after acquiring an additional 23 shares in the last quarter. iA Global Asset Management Inc. bought a new position in Markel Group in the 3rd quarter valued at approximately $125,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Markel Group by 21.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 117 shares of the insurance provider’s stock worth $166,000 after purchasing an additional 21 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Insider Activity at Markel Group

In other news, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were 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 of the company’s stock, valued at $1,027,606.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Greta J. Harris sold 122 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the sale, the director now directly owns 634 shares of the company’s stock, valued at $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on MKL. Janney Montgomery Scott restated a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a research note on Friday, March 15th. Truist Financial boosted their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Finally, 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 research report on Friday, May 3rd. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,520.00.

Markel Group Trading Down 0.4 %

Shares of NYSE MKL traded down $6.20 during midday trading on Friday, reaching $1,544.07. The company had a trading volume of 26,492 shares, compared to its average volume of 29,282. 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 Inc. has a one year low of $1,295.65 and a one year high of $1,670.24. The stock has a market cap of $20.07 billion, a PE ratio of 8.34 and a beta of 0.73. The firm’s fifty day moving average price is $1,556.21 and its 200-day moving average price is $1,487.76.

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

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.