Roberts Glore & Co. Inc. IL Takes Position in Markel Group Inc. (NYSE:MKL)

Roberts Glore & Co. Inc. IL purchased a new stake in Markel Group Inc. (NYSE:MKL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 118 shares of the insurance provider’s stock, valued at approximately $204,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MKL shares. Royal Bank of Canada upped their price objective on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,685.17.

Markel Group Stock Down 0.3 %

NYSE:MKL opened at $1,895.12 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $1,826.91 and its two-hundred day moving average is $1,700.86. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The stock has a market capitalization of $24.20 billion, a price-to-earnings ratio of 9.52 and a beta of 0.82.

Markel Group (NYSE:MKL) last released its quarterly 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 return on equity of 7.55% and a net margin of 16.34%. Research analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the purchase, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was 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 link. Also, Director Steven A. Markel sold 88 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the sale, the director now owns 63,436 shares in the company, valued at approximately $117,992,863.08. The trade was a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 over the last ninety days. Corporate insiders own 1.71% of the company’s stock.

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.