SRS Capital Advisors Inc. Has $271,000 Holdings in Markel Group Inc. (NYSE:MKL)
SRS Capital Advisors Inc. reduced its holdings in Markel Group Inc. (NYSE:MKL) by 63.3% in Q4, now owning 157 shares valued at $271,000. Other investors also adjusted their positions, with 77.12% of the stock held by institutional investors. Markel's stock opened at $1,868.10, with a market cap of $23.86 billion. The company reported Q4 earnings of $20.51 per share, missing estimates. Analysts have mixed ratings on the stock, with an average rating of "Hold" and a consensus price target of $1,685.17.
SRS Capital Advisors Inc. cut its holdings in shares of Markel Group Inc. (NYSE:MKL - Free Report) by 63.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157 shares of the insurance provider's stock after selling 271 shares during the quarter. SRS Capital Advisors Inc.'s holdings in Markel Group were worth $271,000 as of its most recent SEC filing.
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Other large investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of Markel Group during the third quarter worth approximately $31,000. Larson Financial Group LLC acquired a new position in shares of Markel Group during the third quarter worth approximately $36,000. FPC Investment Advisory Inc. acquired a new position in shares of Markel Group during the fourth quarter worth approximately $37,000. Global Trust Asset Management LLC acquired a new position in shares of Markel Group during the fourth quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Markel Group during the third quarter worth approximately $42,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.
Markel Group Stock Performance
Shares of NYSE MKL opened at $1,868.10 on Wednesday. The business has a fifty day simple moving average of $1,817.75 and a 200 day simple moving average of $1,693.61. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 9.39 and a beta of 0.78. Markel Group Inc. has a one year low of $1,417.65 and a one year high of $2,063.68.
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Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results 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 net margin of 16.34% and a return on equity of 7.55%. Sell-side analysts expect that Markel Group Inc. will post 96.25 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on MKL. TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada upped their target price 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. Finally, StockNews.com lowered 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 issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $1,685.17.
Get Our Latest Analysis on MKL
Insider Buying and Selling at Markel Group
In other Markel Group news, Director Steven A. Markel sold 800 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total value of $1,485,440.00. Following the sale, the director now directly owns 64,868 shares in the company, valued at $120,446,902.40. This represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the stock in a transaction on Friday, February 7th. The stock was bought at an average price of $2,008.01 per share, for a total transaction of $200,801.00. Following the completion of the transaction, the chief executive officer now directly owns 48,945 shares of the company's stock, valued at approximately $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 2,034 shares of company stock worth $3,778,952 over the last three months. Company insiders own 1.71% of the company's stock.
Markel Group Company Profile
(Free Report)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.
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