Sanctuary Advisors LLC Buys 45 Shares of Markel Group Inc. (NYSE:MKL)

Sanctuary Advisors LLC increased its stake in Markel Group Inc. (NYSE:MKL) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,188 shares of the insurance provider’s stock after purchasing an additional 45 shares during the quarter. Sanctuary Advisors LLC’s holdings in Markel Group were worth $4,006,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. SpiderRock Advisors LLC raised its holdings in Markel Group by 199.4% during the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after acquiring an additional 315 shares during the period. Quilter Plc raised its holdings in Markel Group by 7.2% during the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after acquiring an additional 2,234 shares during the period. Versor Investments LP raised its holdings in Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock valued at $598,000 after acquiring an additional 160 shares during the period. Fiduciary Alliance LLC raised its holdings in Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock valued at $3,247,000 after acquiring an additional 379 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock valued at $8,736,000 after acquiring an additional 527 shares during the period. Institutional investors own 77.12% of the company’s stock.

Insider Activity at Markel Group

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of Markel Group stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.71% of the stock is owned by insiders.

Analysts Set New Price Targets

MKL has been the subject of a number of recent analyst reports. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada boosted their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average target price of $1,685.17.

Markel Group Stock Down 0.9 %

MKL opened at $1,837.64 on Friday. The stock has a market cap of $23.63 billion, a PE ratio of 9.23 and a beta of 0.78. 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 Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The business’s fifty day simple moving average is $1,791.50 and its 200 day simple moving average is $1,670.99.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a net margin of 16.34% and a return on equity of 7.55%. As a group, research analysts expect that Markel Group Inc. will post 96.25 earnings per share for the current fiscal 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.