Tyler Stone Wealth Management Acquires New Stake in Markel Group Inc. $MKL

Tyler Stone Wealth Management bought a new position in Markel Group Inc. (NYSE:MKL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 240 shares of the insurance provider’s stock, valued at approximately $479,000.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in Markel Group in the 4th quarter valued at about $236,000. Invesco Ltd. increased its stake in shares of Markel Group by 2.6% in the first quarter. Invesco Ltd. now owns 17,338 shares of the insurance provider’s stock worth $32,415,000 after purchasing an additional 435 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Markel Group by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 118,851 shares of the insurance provider’s stock valued at $222,177,000 after purchasing an additional 2,187 shares during the period. Aberdeen Group plc lifted its stake in shares of Markel Group by 167.3% during the 1st quarter. Aberdeen Group plc now owns 5,809 shares of the insurance provider’s stock valued at $10,861,000 after buying an additional 3,636 shares in the last quarter. Finally, Ethic Inc. lifted its stake in shares of Markel Group by 15.6% during the 1st quarter. Ethic Inc. now owns 976 shares of the insurance provider’s stock valued at $1,815,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MKL. Weiss Ratings reiterated a “buy (b+)” rating on shares of Markel Group in a research note on Monday, December 8th. Cowen reiterated a “hold” rating on shares of Markel Group in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2,025.00.

Markel Group Stock Performance

NYSE MKL opened at $2,165.51 on Monday. Markel Group Inc. has a 52-week low of $1,621.89 and a 52-week high of $2,169.95. The company has a fifty day moving average of $1,999.24 and a 200-day moving average of $1,972.40. The company has a market capitalization of $27.31 billion, a P/E ratio of 13.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, 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, October 29th. The insurance provider reported $30.90 earnings per share for the quarter, beating analysts’ consensus estimates of $22.77 by $8.13. Markel Group had a return on equity of 7.76% and a net margin of 12.99%.The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.77 billion. As a group, equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Insider Transactions at Markel Group

In other news, Director Steven A. Markel sold 100 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $2,100.00, for a total value of $210,000.00. Following the completion of the sale, the director owned 61,698 shares of the company’s stock, valued at approximately $129,565,800. This represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Simon Wilson sold 75 shares of Markel Group stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $2,072.94, for a total transaction of $155,470.50. Following the completion of the transaction, the chief executive officer owned 1,770 shares in the company, valued at approximately $3,669,103.80. The trade was a 4.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 245 shares of company stock worth $512,471. 1.66% of the stock is currently owned by insiders.

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.