Markel Group Inc. (NYSE:MKL) Shares Sold by Heritage Wealth Advisors

Heritage Wealth Advisors cut its stake in Markel Group Inc. (NYSE:MKL) by 48.1% during the 4th quarter, HoldingsChannel reports. The firm owned 7,220 shares of the insurance provider’s stock after selling 6,680 shares during the quarter. Heritage Wealth Advisors’ holdings in Markel Group were worth $12,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group purchased a new stake in shares of Markel Group during the 3rd quarter valued at about $31,000. Larson Financial Group LLC purchased a new stake in shares of Markel Group during the third quarter valued at approximately $36,000. SBI Securities Co. Ltd. acquired a new position in shares of Markel Group during the fourth quarter worth $36,000. FPC Investment Advisory Inc. purchased a new position in shares of Markel Group in the fourth quarter valued at $37,000. Finally, Global Trust Asset Management LLC acquired a new stake in Markel Group during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Trading Down 0.3 %

Shares of NYSE MKL opened at $1,863.65 on Wednesday. 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 50 day moving average price is $1,859.72 and its two-hundred day moving average price is $1,723.67. 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 $23.80 billion, a P/E ratio of 9.36 and a beta of 0.82.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada upped their target price on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and an average target price of $1,702.20.

Insider Transactions at Markel Group

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the acquisition, the chief executive officer now owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven A. Markel sold 88 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 directly owns 63,436 shares in the company, valued at approximately $117,992,863.08. This trade represents a 0.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,034 shares of company stock worth $3,778,952. 1.71% of the stock is currently owned by insiders.

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.