369 Shares in Markel Group Inc. (NYSE:MKL) Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC purchased a new stake in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 369 shares of the insurance provider’s stock, valued at approximately $637,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in shares of Markel Group in the 4th quarter worth approximately $37,000. SBI Securities Co. Ltd. acquired a new position in Markel Group in the fourth quarter worth $36,000. Global Trust Asset Management LLC bought a new stake in shares of Markel Group during the fourth quarter worth $41,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Markel Group in the third quarter valued at $42,000. Finally, Private Trust Co. NA raised its holdings in shares of Markel Group by 23.1% in the fourth quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after buying an additional 6 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Markel Group

In other news, Director Steven A. Markel sold 1,146 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the transaction, the director now owns 63,722 shares of the company’s stock, valued at $118,426,699.78. The trade was a 1.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 2,034 shares of company stock worth $3,778,952 in the last ninety days. Company insiders own 1.66% of the company’s stock.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,884.90 on Friday. Markel Group Inc. has a 52 week low of $1,491.03 and a 52 week high of $2,063.68. 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 stock has a market capitalization of $23.91 billion, a price-to-earnings ratio of 9.47 and a beta of 0.84. The firm has a fifty day moving average of $1,820.67 and a two-hundred day moving average of $1,776.03.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. As a group, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Royal Bank of Canada boosted 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 note on Friday, February 7th. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $1,727.75.

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.