EverSource Wealth Advisors LLC Has $28,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

EverSource Wealth Advisors LLC lowered its holdings in shares of Markel Group Inc. (NYSE:MKL) by 66.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16 shares of the insurance provider’s stock after selling 31 shares during the period. EverSource Wealth Advisors LLC’s holdings in Markel Group were worth $28,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MKL. Brooklyn Investment Group acquired a new stake in shares of Markel Group during the 3rd quarter worth approximately $31,000. Larson Financial Group LLC acquired a new stake in Markel Group in the third quarter worth $36,000. SBI Securities Co. Ltd. acquired a new stake in Markel Group in the fourth quarter worth $36,000. FPC Investment Advisory Inc. bought a new stake in Markel Group in the fourth quarter valued at $37,000. Finally, Global Trust Asset Management LLC acquired a new position in shares of Markel Group during the fourth quarter valued at about $41,000. 77.12% of the stock is currently owned by institutional investors.

Markel Group Trading Down 0.3 %

Shares of Markel Group stock opened at $1,846.79 on Friday. 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 stock has a fifty day simple moving average of $1,849.38 and a 200 day simple moving average of $1,715.44. Markel Group Inc. has a 12-month low of $1,417.65 and a 12-month high of $2,063.68. The company has a market capitalization of $23.58 billion, a P/E ratio of 9.28 and a beta of 0.82.

Markel Group (NYSE:MKL) last announced its 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 net margin of 16.34% and a return on equity of 7.55%. On average, sell-side analysts anticipate that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Royal Bank of Canada upped their target price on Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $1,702.20.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 800 shares of Markel Group stock in a transaction on Friday, February 21st. The stock was sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the sale, the director now directly owns 64,868 shares in the company, valued at approximately $120,446,902.40. This trade represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $2,008.01 per share, with a total value of $200,801.00. Following the purchase, the chief executive officer now directly owns 48,945 shares in the company, 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 in the last 90 days. Insiders own 1.71% of the company’s stock.

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.