WealthPlan Investment Management LLC Buys 46 Shares of Markel Group Inc. (NYSE:MKL)

WealthPlan Investment Management LLC increased its position in Markel Group Inc. (NYSE:MKL) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 460 shares of the insurance provider’s stock after buying an additional 46 shares during the period. WealthPlan Investment Management LLC’s holdings in Markel Group were worth $794,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. SpiderRock Advisors LLC increased its position in Markel Group by 199.4% in the third quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock worth $742,000 after purchasing an additional 315 shares during the last quarter. Quilter Plc raised its position in Markel Group by 7.2% in the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock worth $57,206,000 after purchasing an additional 2,234 shares during the period. Versor Investments LP boosted its position in shares of Markel Group by 72.4% during the third quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after buying an additional 160 shares during the period. Fiduciary Alliance LLC raised its holdings in shares of Markel Group by 25.2% in the fourth quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after buying an additional 379 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after acquiring an additional 527 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of MKL opened at $1,869.04 on Friday. 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 company has a 50 day moving average price of $1,780.38 and a 200-day moving average price of $1,662.06. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The stock has a market capitalization of $24.04 billion, a PE ratio of 9.39 and a beta of 0.78.

Markel Group (NYSE:MKL) last announced 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 net margin of 16.34% and a return on equity of 7.55%. Equities analysts predict that Markel Group Inc. will post 97.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Royal Bank of Canada raised their target price on shares of 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 stock. According to MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the transaction, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.71% of the stock is currently owned by corporate insiders.

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.