WealthPlan Investment Management LLC Grows Holdings in Markel Group Inc. (NYSE:MKL)

WealthPlan Investment Management LLC increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460 shares of the insurance provider’s stock after acquiring an additional 46 shares during the period. WealthPlan Investment Management LLC’s holdings in Markel Group were worth $794,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in shares of Markel Group in the 3rd quarter worth approximately $31,000. Toth Financial Advisory Corp grew its stake in shares of Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Markel Group during the third quarter valued at $36,000. Global Trust Asset Management LLC purchased a new position in shares of Markel Group in the 4th quarter worth about $41,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Markel Group in the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada upped their price target on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th. Finally, TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1,685.17.

Markel Group Price Performance

NYSE MKL opened at $1,869.04 on Friday. 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 firm has a market capitalization of $24.04 billion, a P/E ratio of 9.39 and a beta of 0.78. The company has a 50-day moving average price of $1,780.38 and a 200-day moving average price of $1,662.06. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing the consensus estimate of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Equities research analysts anticipate that Markel Group Inc. will post 97.92 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the purchase, the chief executive officer now owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.71% of the company’s stock.

Markel Group 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.