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

Cobblestone Capital Advisors LLC NY raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,517 shares of the insurance provider’s stock after acquiring an additional 1,243 shares during the quarter. Markel Group makes up 1.8% of Cobblestone Capital Advisors LLC NY’s portfolio, making the stock its 17th largest holding. Cobblestone Capital Advisors LLC NY owned about 0.15% of Markel Group worth $33,691,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new stake in shares of Markel Group in the third quarter valued at $31,000. Larson Financial Group LLC acquired a new stake in shares of Markel Group in the third quarter valued at $36,000. FPC Investment Advisory Inc. acquired a new stake in shares of Markel Group in the fourth quarter valued at $37,000. Global Trust Asset Management LLC acquired a new stake in shares of Markel Group in the fourth quarter valued at $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Markel Group in the third quarter valued at $42,000. 77.12% of the stock is owned by institutional investors.

Insider Transactions at Markel Group

In other news, Director Steven A. Markel sold 1,146 shares of Markel Group stock in a transaction dated 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 owns 63,722 shares in the company, valued at $118,426,699.78. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now directly owns 48,945 shares in the company, 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. In the last ninety days, insiders sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is currently owned by company insiders.

Markel Group Price Performance

Shares of MKL stock opened at $1,934.54 on Friday. The firm has a market cap of $24.88 billion, a price-to-earnings ratio of 9.72 and a beta of 0.78. 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 50-day moving average price of $1,811.85 and a 200 day moving average price of $1,686.50. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada lifted 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 report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,685.17.

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.