1,841 Shares in Markel Group Inc. (NYSE:MKL) Bought by RIA Advisory Group LLC

RIA Advisory Group LLC purchased a new position in Markel Group Inc. (NYSE:MKL) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,841 shares of the insurance provider’s stock, valued at approximately $2,614,000. Markel Group comprises approximately 0.8% of RIA Advisory Group LLC’s portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritter Daniher Financial Advisory LLC DE boosted its stake in Markel Group by 150.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 12 shares during the last quarter. Blue Trust Inc. boosted its stake in Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 12 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Markel Group during the 2nd quarter worth $39,000. Achmea Investment Management B.V. acquired a new stake in Markel Group during the 1st quarter worth $41,000. Finally, RVW Wealth LLC acquired a new stake in Markel Group during the 3rd quarter worth $47,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Markel Group

In related news, Director A. Lynne Puckett purchased 72 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the purchase, the director now directly owns 960 shares of the company’s stock, valued at approximately $1,352,908.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $1,414.74 per share, for a total transaction of $141,474.00. Following the transaction, the chief executive officer now directly owns 45,039 shares in the company, valued at approximately $63,718,474.86. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director A. Lynne Puckett acquired 72 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the transaction, the director now owns 960 shares in the company, valued at $1,352,908.80. The disclosure for this purchase can be found here. 1.71% of the stock is currently owned by insiders.

Markel Group Stock Up 1.4 %

Shares of MKL stock traded up $20.56 during trading hours on Friday, reaching $1,456.69. 41,779 shares of the stock were exchanged, compared to its average volume of 49,137. The business’s fifty day moving average is $1,482.91 and its two-hundred day moving average is $1,444.82. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. Markel Group Inc. has a 12-month low of $1,272.43 and a 12-month high of $1,560.00. The firm has a market capitalization of $18.99 billion, a P/E ratio of 9.87 and a beta of 0.70.

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