Wealth Enhancement Advisory Services LLC Has $6.11 Million Stock Holdings in Markel Group Inc. (NYSE:MKL)

Wealth Enhancement Advisory Services LLC raised its holdings in Markel Group Inc. (NYSE:MKL) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,013 shares of the insurance provider’s stock after purchasing an additional 11 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Markel Group were worth $6,105,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of MKL. GAMMA Investing LLC acquired a new stake in shares of Markel Group during the 4th quarter valued at $30,000. Blue Trust Inc. boosted its holdings in shares of Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 12 shares in the last quarter. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Markel Group during the 4th quarter valued at $57,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Markel Group by 40.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 80 shares of the insurance provider’s stock valued at $114,000 after acquiring an additional 23 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in shares of Markel Group during the 3rd quarter valued at $125,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Janney Montgomery Scott reissued a “neutral” rating and set a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. Truist Financial lifted their target price on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Royal Bank of Canada lifted their target price on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,520.00.

Markel Group Trading Up 0.0 %

Shares of Markel Group stock opened at $1,575.81 on Tuesday. The stock has a market capitalization of $20.49 billion, a PE ratio of 8.51 and a beta of 0.73. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The stock has a 50 day moving average price of $1,581.79 and a two-hundred day moving average price of $1,501.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.61 and a current ratio of 0.61.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 EPS for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.62 billion. As a group, equities analysts anticipate that Markel Group Inc. will post 82.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Markel Group news, Director Greta J. Harris sold 122 shares of Markel Group stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the transaction, the director now owns 634 shares in the company, valued at approximately $1,027,606.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Markel Group news, Director Greta J. Harris sold 122 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now directly owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Markel sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total value of $4,915,170.00. Following the sale, the director now directly owns 66,668 shares of the company’s stock, valued at $109,228,184.52. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

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.