Farther Finance Advisors LLC Increases Position in Markel Group Inc. (NYSE:MKL)

Farther Finance Advisors LLC grew its stake in Markel Group Inc. (NYSE:MKL) by 45.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134 shares of the insurance provider’s stock after acquiring 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 quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MKL. Brooklyn Investment Group purchased a new position in shares of Markel Group in the 3rd quarter valued at $31,000. Larson Financial Group LLC purchased a new position in Markel Group during the 3rd quarter worth $36,000. SBI Securities Co. Ltd. purchased a new position in Markel Group during the 4th quarter worth $36,000. FPC Investment Advisory Inc. purchased a new position in Markel Group during the 4th quarter worth $37,000. Finally, Global Trust Asset Management LLC purchased a new position in Markel Group during the 4th quarter worth $41,000. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Royal Bank of Canada boosted their target price 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. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $1,702.20.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, with a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 1,146 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the transaction, the director now directly owns 63,722 shares of the company’s stock, valued at approximately $118,426,699.78. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 in the last quarter. 1.71% of the stock is currently owned by company insiders.

Markel Group Stock Down 0.9 %

Markel Group stock opened at $1,844.02 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The business’s 50-day simple moving average is $1,843.78 and its two-hundred day simple moving average is $1,713.55. The company has a market cap of $23.55 billion, a PE ratio of 9.26 and a beta of 0.82. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week 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 (EPS) for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. Equities analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

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.