Resonant Capital Advisors LLC Has $832,000 Position in Markel Group Inc. (NYSE:MKL)

Resonant Capital Advisors LLC lowered its holdings in shares of Markel Group Inc. (NYSE:MKL) by 8.9% during the fourth quarter, Holdings Channel reports. The firm owned 586 shares of the insurance provider’s stock after selling 57 shares during the period. Resonant Capital Advisors LLC’s holdings in Markel Group were worth $832,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MKL. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Markel Group by 150.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 12 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 12 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Markel Group in the 2nd quarter worth $39,000. Achmea Investment Management B.V. bought a new position in Markel Group in the 1st quarter worth $41,000. Finally, RVW Wealth LLC bought a new position in Markel Group in the 3rd quarter worth $47,000. Institutional investors own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the topic of several recent analyst reports. Jefferies Financial Group downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $1,475.00 target price on shares of Markel Group in a report on Friday, February 2nd. Finally, Janney Montgomery Scott reiterated a “neutral” rating and issued a $1,600.00 target price on shares of Markel Group in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,450.00.

Insider Activity

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of $1,414.74 per share, for a total transaction of $141,474.00. Following the transaction, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director A. Lynne Puckett purchased 72 shares of Markel Group stock in a transaction on Friday, February 2nd. The shares were purchased at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the completion of the transaction, the director now directly owns 960 shares in the company, valued at $1,352,908.80. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of Markel Group stock in a transaction on Friday, February 2nd. The stock was purchased at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the completion of the transaction, the chief executive officer now owns 45,039 shares of the company’s stock, valued at $63,718,474.86. The disclosure for this purchase can be found here. 1.71% of the stock is owned by company insiders.

Markel Group Stock Performance

NYSE:MKL opened at $1,455.25 on Friday. The firm’s 50-day moving average is $1,483.41 and its 200-day moving average is $1,444.79. Markel Group Inc. has a 52-week low of $1,272.43 and a 52-week high of $1,560.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $18.98 billion, a price-to-earnings ratio of 9.90 and a beta of 0.70.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $23.58 by $32.90. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. Equities research analysts anticipate that Markel Group Inc. will post 80.08 earnings per share for the current 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.