250 Shares in Markel Group Inc. (NYSE:MKL) Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC purchased a new stake in Markel Group Inc. (NYSE:MKL) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 250 shares of the insurance provider’s stock, valued at approximately $355,000.

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

Markel Group Price Performance

Markel Group stock opened at $1,450.50 on Tuesday. The business has a 50 day simple moving average of $1,483.45 and a 200-day simple moving average of $1,444.11. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month high of $1,560.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $18.91 billion, a PE ratio of 9.87 and a beta of 0.70.

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

Wall Street Analyst Weigh In

MKL has been the subject of several research analyst reports. Jefferies Financial Group downgraded Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $1,475.00 price objective on shares of Markel Group in a research report on Friday, February 2nd. Finally, Janney Montgomery Scott reaffirmed a “neutral” rating and issued a $1,600.00 target price on shares of Markel Group in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $1,450.00.

Insider Buying and Selling

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction dated Friday, February 2nd. The stock was 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 owns 45,039 shares in the company, valued at $63,718,474.86. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction on 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 acquisition, the chief executive officer now owns 45,039 shares of the company’s stock, valued at $63,718,474.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A. Lynne Puckett purchased 72 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the purchase, the director now directly owns 960 shares in the company, valued at $1,352,908.80. The disclosure for this purchase can be found here. 1.71% of the stock is owned by insiders.

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.