Guardian Wealth Advisors LLC NC Purchases 150 Shares of Markel Group Inc. (NYSE:MKL)

Guardian Wealth Advisors LLC NC increased its position in Markel Group Inc. (NYSE:MKL) by 108.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 288 shares of the insurance provider’s stock after acquiring an additional 150 shares during the period. Guardian Wealth Advisors LLC NC’s holdings in Markel Group were worth $497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Markel Group during the 4th quarter valued at about $36,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group during the fourth quarter valued at approximately $37,000. Global Trust Asset Management LLC bought a new position in Markel Group in the fourth quarter worth approximately $41,000. Wilmington Savings Fund Society FSB bought a new position in Markel Group in the third quarter worth approximately $42,000. Finally, Private Trust Co. NA boosted its stake in shares of Markel Group by 23.1% during the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 6 shares during the last quarter. 77.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on MKL. Royal Bank of Canada upped their price objective on 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. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,727.75.

Insider Buying and Selling

In other news, Director Steven A. Markel sold 1,146 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the sale, the director now directly owns 63,722 shares in the company, valued at $118,426,699.78. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 2,034 shares of company stock worth $3,778,952. Insiders own 1.66% of the company’s stock.

Markel Group Trading Up 1.2 %

Shares of MKL stock opened at $1,903.48 on Friday. The stock has a fifty day simple moving average of $1,821.38 and a two-hundred day simple moving average of $1,779.69. The firm has a market capitalization of $24.15 billion, a PE ratio of 9.56 and a beta of 0.84. Markel Group Inc. has a 52-week low of $1,491.03 and a 52-week high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

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

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.