Court Place Advisors LLC Acquires 93 Shares of Markel Group Inc. (NYSE:MKL)

Court Place Advisors LLC increased its holdings in Markel Group Inc. (NYSE:MKL) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,072 shares of the insurance provider’s stock after acquiring an additional 93 shares during the quarter. Markel Group comprises about 1.4% of Court Place Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Court Place Advisors LLC’s holdings in Markel Group were worth $4,362,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Markel Group by 150.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 12 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Markel Group by 133.3% in the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 12 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Markel Group in the 2nd quarter worth about $39,000. Achmea Investment Management B.V. bought a new stake in Markel Group during the 1st quarter valued at about $41,000. Finally, RVW Wealth LLC bought a new stake in Markel Group during the 3rd quarter valued at about $47,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Stock Performance

Shares of NYSE MKL traded up $5.21 during trading on Wednesday, reaching $1,428.87. 39,738 shares of the company traded hands, compared to its average volume of 49,536. The firm has a 50 day simple moving average of $1,482.64 and a 200-day simple moving average of $1,444.99. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $18.63 billion, a PE ratio of 9.69 and a beta of 0.70. Markel Group Inc. has a 52-week low of $1,272.43 and a 52-week high of $1,560.00.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $23.58 by $32.90. The firm had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. Equities research analysts anticipate that Markel Group Inc. will post 80.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MKL has been the subject of a number of analyst reports. Jefferies Financial Group lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Royal Bank of Canada restated a “sector perform” rating and set a $1,475.00 price objective on shares of Markel Group in a research note on Friday, February 2nd. Finally, Janney Montgomery Scott restated a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,450.00.

Insider Activity

In other Markel Group news, Director A. Lynne Puckett acquired 72 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $1,409.28 per share, with a total value of $101,468.16. Following the completion of the acquisition, the director now owns 960 shares in the company, valued at approximately $1,352,908.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the completion of the acquisition, the chief executive officer now owns 45,039 shares in the company, valued at approximately $63,718,474.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A. Lynne Puckett acquired 72 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the acquisition, the director now owns 960 shares of the company’s stock, valued at approximately $1,352,908.80. The disclosure for this purchase can be found here. 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.