FPC Investment Advisory Inc. Invests $37,000 in Markel Group Inc. (NYSE:MKL)

FPC Investment Advisory Inc. bought a new position in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20 shares of the insurance provider’s stock, valued at approximately $37,000.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in Markel Group in the 3rd quarter valued at $31,000. Larson Financial Group LLC purchased a new stake in Markel Group in the 3rd quarter valued at $36,000. Global Trust Asset Management LLC purchased a new stake in Markel Group in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB purchased a new stake in Markel Group in the 3rd quarter valued at $42,000. Finally, Quarry LP grew its holdings in Markel Group by 3,000.0% in the 3rd quarter. Quarry LP now owns 31 shares of the insurance provider’s stock valued at $49,000 after buying an additional 30 shares in the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MKL shares. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the company 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 report on Friday, February 7th. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,685.17.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the chief executive officer now directly owns 48,945 shares in the company, valued at $98,282,049.45. This represents a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.71% of the company’s stock.

Markel Group Trading Down 0.9 %

MKL opened at $1,837.64 on Friday. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of 9.23 and a beta of 0.78. Markel Group Inc. has a 52 week low of $1,417.65 and a 52 week high of $2,063.68. The business’s 50 day moving average is $1,793.51 and its two-hundred day moving average is $1,674.40. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS 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%. On average, research analysts predict that Markel Group Inc. will post 96.25 EPS 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.