Legacy Capital Wealth Partners LLC Boosts Stock Position in Markel Group Inc. (NYSE:MKL)

Legacy Capital Wealth Partners LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156 shares of the insurance provider’s stock after purchasing an additional 16 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Markel Group were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Morgan Stanley raised its holdings in Markel Group by 3.2% during the third quarter. Morgan Stanley now owns 539,207 shares of the insurance provider’s stock valued at $793,979,000 after acquiring an additional 16,597 shares during the period. Mackenzie Financial Corp raised its stake in Markel Group by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 129,541 shares of the insurance provider’s stock valued at $183,935,000 after purchasing an additional 3,476 shares during the period. Scharf Investments LLC lifted its holdings in Markel Group by 4.0% in the 4th quarter. Scharf Investments LLC now owns 126,920 shares of the insurance provider’s stock worth $180,214,000 after purchasing an additional 4,933 shares in the last quarter. Legal & General Group Plc boosted its stake in Markel Group by 3.0% in the 3rd quarter. Legal & General Group Plc now owns 94,781 shares of the insurance provider’s stock worth $139,564,000 after purchasing an additional 2,736 shares during the period. Finally, Northern Trust Corp grew its holdings in Markel Group by 2.2% during the 3rd quarter. Northern Trust Corp now owns 88,501 shares of the insurance provider’s stock valued at $130,317,000 after buying an additional 1,929 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Activity

In other Markel Group news, Director A. Lynne Puckett bought 72 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were acquired at an average price of $1,409.28 per share, with a total value of $101,468.16. Following the transaction, the director now owns 960 shares of the company’s stock, valued at approximately $1,352,908.80. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director A. Lynne Puckett bought 72 shares of the stock in a transaction on Friday, February 2nd. The stock was bought at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the acquisition, the director now directly owns 960 shares in the company, valued at $1,352,908.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were bought 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 disclosure for this purchase can be found here. Insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

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

Markel Group Stock Performance

Shares of NYSE:MKL opened at $1,450.50 on Tuesday. The firm’s 50 day simple moving average is $1,483.45 and its 200-day simple moving average is $1,444.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,560.00. The firm has a market cap of $18.91 billion, a PE ratio of 9.87 and a beta of 0.70.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $23.58 by $32.90. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. As a group, equities analysts predict that Markel Group Inc. will post 80.08 EPS for the current year.

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.