Parisi Gray Wealth Management Acquires 9 Shares of Markel Group Inc. (NYSE:MKL)

Parisi Gray Wealth Management raised its holdings in Markel Group Inc. (NYSE:MKL) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 541 shares of the insurance provider’s stock after purchasing an additional 9 shares during the quarter. Parisi Gray Wealth Management’s holdings in Markel Group were worth $768,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Fairfield Bush & CO. acquired a new stake in shares of Markel Group in the 1st quarter valued at $148,000. American Century Companies Inc. grew its stake in Markel Group by 11.9% in the first quarter. American Century Companies Inc. now owns 628 shares of the insurance provider’s stock valued at $926,000 after acquiring an additional 67 shares during the period. MetLife Investment Management LLC bought a new stake in shares of Markel Group in the first quarter valued at about $549,000. Rhumbline Advisers lifted its holdings in shares of Markel Group by 2.7% in the first quarter. Rhumbline Advisers now owns 11,913 shares of the insurance provider’s stock valued at $17,575,000 after purchasing an additional 308 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Markel Group by 4.7% in the first quarter. Yousif Capital Management LLC now owns 332 shares of the insurance provider’s stock valued at $490,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE MKL traded down $3.71 during trading on Thursday, reaching $1,523.64. 2,364 shares of the company’s stock were exchanged, compared to its average volume of 50,632. The business has a 50 day moving average price of $1,474.06 and a 200-day moving average price of $1,448.52. The stock has a market capitalization of $19.97 billion, a P/E ratio of 10.39 and a beta of 0.70. 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 fifty-two week low of $1,242.01 and a fifty-two 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 for the quarter, topping 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 return on equity of 11.22% and a net margin of 12.63%. Sell-side analysts forecast that Markel Group Inc. will post 82.15 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 45,039 shares of the company’s stock, valued at $63,718,474.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average price of $1,414.74 per share, with a total value of $141,474.00. Following the completion of the transaction, the chief executive officer now directly owns 45,039 shares of the company’s stock, valued at approximately $63,718,474.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director A. Lynne Puckett purchased 72 shares of Markel Group stock in a transaction that occurred 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 transaction, the director now directly owns 960 shares of the company’s stock, valued at $1,352,908.80. The disclosure for this purchase can be found here. 1.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $1,475.00 price target on shares of Markel Group in a report on Friday, February 2nd. Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 price target on shares of Markel Group in a report on Friday, March 15th. Finally, Jefferies Financial Group lowered Markel Group from a “buy” rating to a “hold” rating and cut their price target for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $1,450.00.

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.