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

Sanctuary Advisors LLC grew its stake in shares of Markel Group Inc. (NYSE:MKL) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor 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 institutional investors and hedge funds have also recently modified their holdings of MKL. J.W. Cole Advisors Inc. boosted its holdings in shares of Markel Group by 17.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 491 shares of the insurance provider’s stock worth $848,000 after purchasing an additional 73 shares during the period. Blue Zone Wealth Advisors LLC boosted its holdings in shares of Markel Group by 2.7% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 2,358 shares of the insurance provider’s stock worth $4,070,000 after purchasing an additional 62 shares during the period. WealthPlan Investment Management LLC boosted its holdings in shares of Markel Group by 11.1% during the fourth quarter. WealthPlan Investment Management LLC now owns 460 shares of the insurance provider’s stock worth $794,000 after purchasing an additional 46 shares during the period. Constant Guidance Financial LLC purchased a new stake in shares of Markel Group during the fourth quarter worth about $801,000. Finally, Values Added Financial LLC boosted its holdings in shares of Markel Group by 76.5% during the fourth quarter. Values Added Financial LLC now owns 1,064 shares of the insurance provider’s stock worth $1,837,000 after purchasing an additional 461 shares during the period. 77.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MKL. Royal Bank of Canada increased 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 report on Friday, February 7th. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $1,685.17.

Markel Group Stock Performance

Shares of MKL opened at $1,837.64 on Friday. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68. The company has a 50-day simple moving average of $1,791.50 and a two-hundred day simple moving average of $1,670.99. The firm has a market capitalization of $23.63 billion, a PE ratio of 9.23 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Markel Group (NYSE:MKL) last announced its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share 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%. On average, analysts anticipate that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was 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 owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.