Markel Group Inc. (NYSE:MKL) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,649 shares of the insurance provider’s stock after purchasing an additional 125 shares during the period. Cetera Investment Advisers’ holdings in Markel Group were worth $2,847,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Markel Group during the 4th quarter valued at about $36,000. FPC Investment Advisory Inc. purchased a new stake in Markel Group during the 4th quarter valued at about $37,000. Global Trust Asset Management LLC purchased a new stake in Markel Group during the 4th quarter valued at about $41,000. Private Trust Co. NA grew its stake in Markel Group by 23.1% during the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after acquiring an additional 6 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Markel Group by 140.0% during the 4th quarter. Assetmark Inc. now owns 36 shares of the insurance provider’s stock valued at $62,000 after acquiring an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Markel Group stock opened at $1,918.78 on Friday. The firm has a 50 day simple moving average of $1,824.29 and a 200-day simple moving average of $1,791.48. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market cap of $24.34 billion, a price-to-earnings ratio of 9.64 and a beta of 0.84.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MKL shares. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada increased their price target on shares of 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. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1,727.75.

Insider Activity

In other news, Director Steven A. Markel sold 1,146 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the sale, the director now owns 63,722 shares of the company’s stock, valued at $118,426,699.78. This represents a 1.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 in the last 90 days. Company insiders own 1.66% of the company’s stock.

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.