Atlanta Consulting Group Advisors LLC Has $963,000 Position in Markel Group Inc. (NYSE:MKL)

Atlanta Consulting Group Advisors LLC lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 558 shares of the insurance provider’s stock after selling 10 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in Markel Group were worth $963,000 as of its most recent filing with the SEC.

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 third quarter worth about $31,000. Larson Financial Group LLC acquired a new position in Markel Group in the third quarter worth about $36,000. SBI Securities Co. Ltd. acquired a new position in Markel Group in the fourth quarter worth about $36,000. FPC Investment Advisory Inc. acquired a new position in Markel Group in the fourth quarter worth about $37,000. Finally, Global Trust Asset Management LLC acquired a new position in Markel Group in the fourth quarter worth about $41,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Activity

In related news, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the purchase, the chief executive officer now directly owns 48,945 shares of the company’s stock, valued at $98,282,049.45. This trade represents a 0.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven A. Markel sold 800 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $1,856.80, for a total transaction of $1,485,440.00. Following the completion of the transaction, the director now directly owns 64,868 shares in the company, valued at approximately $120,446,902.40. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,034 shares of company stock valued at $3,778,952 over the last three months. 1.71% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MKL shares. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen lowered shares of Markel Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada raised their price objective on shares of Markel Group from $1,750.00 to $2,025.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average target price of $1,702.20.

Markel Group Stock Performance

NYSE MKL opened at $1,850.33 on Monday. The firm has a market cap of $23.63 billion, a price-to-earnings ratio of 9.30 and a beta of 0.81. The company has a 50 day moving average of $1,837.87 and a 200-day moving average of $1,709.92. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a 1-year low of $1,417.65 and a 1-year high of $2,063.68.

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 net margin of 16.34% and a return on equity of 7.55%. On average, equities analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current fiscal 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.