Markel Group Inc. (NYSE:MKL) Shares Bought by Blue Zone Wealth Advisors LLC

Blue Zone Wealth Advisors LLC grew its position in shares of Markel Group Inc. (NYSE:MKL) by 2.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,358 shares of the insurance provider’s stock after purchasing an additional 62 shares during the quarter. Blue Zone Wealth Advisors LLC’s holdings in Markel Group were worth $4,070,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. SpiderRock Advisors LLC increased its position in shares of Markel Group by 199.4% during the 3rd quarter. SpiderRock Advisors LLC now owns 473 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 315 shares during the period. Quilter Plc increased its position in shares of Markel Group by 7.2% during the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider’s stock valued at $57,206,000 after purchasing an additional 2,234 shares during the period. Versor Investments LP boosted its stake in shares of Markel Group by 72.4% during the 3rd quarter. Versor Investments LP now owns 381 shares of the insurance provider’s stock worth $598,000 after acquiring an additional 160 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in shares of Markel Group by 25.2% during the 4th quarter. Fiduciary Alliance LLC now owns 1,881 shares of the insurance provider’s stock worth $3,247,000 after acquiring an additional 379 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Markel Group by 10.4% during the 3rd quarter. Franklin Resources Inc. now owns 5,571 shares of the insurance provider’s stock worth $8,736,000 after acquiring an additional 527 shares in the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Thomas Sinnickson Gayner bought 100 shares of the business’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the acquisition, the chief executive officer now directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.71% of the stock is owned by corporate insiders.

Markel Group Stock Performance

Shares of Markel Group stock opened at $1,869.04 on Friday. The stock has a market cap of $24.04 billion, a PE ratio of 9.39 and a beta of 0.78. The business has a fifty day simple moving average of $1,782.63 and a 200-day simple moving average of $1,663.89. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 12 month low of $1,417.65 and a 12 month high of $2,063.68.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share (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, sell-side analysts anticipate that Markel Group Inc. will post 97.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada raised 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. Finally, TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,685.17.

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.