Markel Group Inc. (NYSE:MKL) Shares Bought by Anchor Investment Management LLC

Anchor Investment Management LLC boosted its holdings in shares of Markel Group Inc. (NYSE:MKL) by 132.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142 shares of the insurance provider’s stock after buying an additional 81 shares during the quarter. Anchor Investment Management LLC’s holdings in Markel Group were worth $245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MKL. SBI Securities Co. Ltd. acquired a new stake in Markel Group during the fourth quarter worth about $36,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group in the 4th quarter worth approximately $37,000. Global Trust Asset Management LLC acquired a new stake in shares of Markel Group during the 4th quarter worth approximately $41,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Markel Group during the 3rd quarter valued at approximately $42,000. Finally, Private Trust Co. NA lifted its stake in shares of Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 6 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Markel Group news, Director Steven A. Markel sold 88 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the transaction, the director now directly owns 63,436 shares of the company’s stock, valued at $117,992,863.08. This trade represents a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner bought 100 shares of the stock in a transaction dated 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 completion of the acquisition, the chief executive officer now owns 48,945 shares in the company, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 2,034 shares of company stock worth $3,778,952 over the last quarter. 1.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada lifted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating and five have issued 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 $1,702.20.

Markel Group Stock Performance

NYSE:MKL opened at $1,764.64 on Thursday. The company has a fifty day moving average of $1,843.69 and a two-hundred day moving average of $1,748.60. Markel Group Inc. has a fifty-two week low of $1,417.65 and a fifty-two week high of $2,063.68. The stock has a market capitalization of $22.43 billion, a PE ratio of 8.87 and a beta of 0.70. 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 released 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%. As a group, research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

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.