Saybrook Capital NC Invests $345,000 in Markel Group Inc. (NYSE:MKL)

Saybrook Capital NC acquired a new position in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 200 shares of the insurance provider’s stock, valued at approximately $345,000.

Several other large investors also recently modified their holdings of the stock. Private Trust Co. NA grew its position in Markel Group by 23.1% in the 4th quarter. Private Trust Co. NA now owns 32 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 6 shares during the period. Gilbert & Cook Inc. grew its position in Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider’s stock valued at $739,000 after purchasing an additional 7 shares during the period. Greenleaf Trust grew its position in Markel Group by 3.4% in the 4th quarter. Greenleaf Trust now owns 213 shares of the insurance provider’s stock valued at $368,000 after purchasing an additional 7 shares during the period. Concurrent Investment Advisors LLC grew its position in Markel Group by 1.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 469 shares of the insurance provider’s stock valued at $810,000 after purchasing an additional 7 shares during the period. Finally, Venturi Wealth Management LLC grew its position in Markel Group by 3.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 343 shares of the insurance provider’s stock valued at $538,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In related news, Director Steven A. Markel sold 88 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,860.03, for a total value of $163,682.64. Following the sale, the director now directly owns 63,436 shares in the company, valued at approximately $117,992,863.08. The trade was a 0.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas Sinnickson Gayner acquired 100 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price 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 trade represents a 0.20 % increase in their position. 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 ninety days. Company insiders own 1.71% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the subject of several research reports. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada raised their price objective on 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 analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,685.17.

Markel Group Trading Down 0.3 %

NYSE MKL opened at $1,895.12 on Friday. The stock has a market capitalization of $24.20 billion, a price-to-earnings ratio of 9.52 and a beta of 0.82. Markel Group Inc. has a one year low of $1,417.65 and a one 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 business’s fifty day moving average is $1,826.91 and its 200-day moving average is $1,699.93.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, February 5th. The insurance provider reported $20.51 EPS for the quarter, missing analysts’ consensus estimates of $20.66 by ($0.15). Markel Group had a return on equity of 7.55% and a net margin of 16.34%. Equities research analysts predict that Markel Group Inc. will post 96.25 EPS for the current year.

Markel Group Company 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.