121 Shares in Markel Group Inc. (NYSE:MKL) Acquired by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC purchased a new position in shares of Markel Group Inc. (NYSE:MKL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 121 shares of the insurance provider’s stock, valued at approximately $209,000.

Several other institutional investors have also recently made changes to their positions in MKL. Brooklyn Investment Group bought a new position in shares of Markel Group during the third quarter valued at approximately $31,000. FPC Investment Advisory Inc. purchased a new position in Markel Group in the fourth quarter valued at about $37,000. Larson Financial Group LLC bought a new position in Markel Group in the third quarter worth about $36,000. Global Trust Asset Management LLC purchased a new stake in shares of Markel Group during the fourth quarter valued at about $41,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Markel Group in the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 1,146 shares of the business’s stock in a transaction on 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 completion of the sale, the director now directly owns 63,722 shares of the company’s stock, valued at $118,426,699.78. The trade was a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the company’s stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $2,008.01 per share, for a total transaction of $200,801.00. Following the acquisition, the chief executive officer now owns 48,945 shares of the company’s stock, valued at approximately $98,282,049.45. The trade was a 0.20 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 2,034 shares of company stock valued at $3,778,952. Insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

MKL has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective 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. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,685.17.

Markel Group Stock Performance

Shares of MKL stock opened at $1,900.29 on Friday. The firm’s 50 day moving average price is $1,807.70 and its 200-day moving average price is $1,683.54. Markel Group Inc. has a one year low of $1,417.65 and a one year 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. The firm has a market cap of $24.44 billion, a P/E ratio of 9.55 and a beta of 0.78.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $20.51 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current 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.