Perigon Wealth Management LLC Has $632,000 Holdings in Markel Group Inc. (NYSE:MKL)

Perigon Wealth Management LLC cut its holdings in shares of Markel Group Inc. (NYSE:MKL) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 445 shares of the insurance provider’s stock after selling 27 shares during the quarter. Perigon Wealth Management LLC’s holdings in Markel Group were worth $632,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ritter Daniher Financial Advisory LLC DE boosted its position in Markel Group by 150.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 20 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 12 shares during the period. Blue Trust Inc. boosted its position in Markel Group by 133.3% during the 4th quarter. Blue Trust Inc. now owns 21 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 12 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Markel Group during the 2nd quarter worth about $39,000. Achmea Investment Management B.V. purchased a new stake in shares of Markel Group during the 1st quarter worth about $41,000. Finally, RVW Wealth LLC purchased a new stake in shares of Markel Group during the 3rd quarter worth about $47,000. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Stock Down 0.8 %

Shares of MKL stock opened at $1,432.54 on Monday. The stock’s 50 day simple moving average is $1,482.15 and its 200 day simple moving average is $1,445.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.62 and a current ratio of 0.62. Markel Group Inc. has a twelve month low of $1,272.43 and a twelve month high of $1,560.00. The company has a market capitalization of $18.68 billion, a price-to-earnings ratio of 9.75 and a beta of 0.70.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share for the quarter, beating analysts’ consensus estimates of $23.58 by $32.90. Markel Group had a return on equity of 11.22% and a net margin of 12.63%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.75 billion. As a group, research analysts predict that Markel Group Inc. will post 80.08 EPS for the current year.

Wall Street Analyst Weigh In

MKL has been the subject of a number of recent research reports. Jefferies Financial Group downgraded Markel Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Janney Montgomery Scott reaffirmed a “neutral” rating and set a $1,600.00 price target on shares of Markel Group in a research note on Friday, March 15th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $1,475.00 price target on shares of Markel Group in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Markel Group presently has a consensus rating of “Hold” and a consensus price target of $1,450.00.

Insider Activity at Markel Group

In related news, CEO Thomas Sinnickson Gayner acquired 100 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $1,414.74 per share, with a total value of $141,474.00. Following the purchase, the chief executive officer now owns 45,039 shares of the company’s stock, valued at $63,718,474.86. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Markel Group news, Director A. Lynne Puckett purchased 72 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the transaction, the director now directly owns 960 shares in the company, valued at approximately $1,352,908.80. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average cost of $1,414.74 per share, for a total transaction of $141,474.00. Following the completion of the transaction, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The disclosure for this purchase can be found here. 1.71% of the stock is owned by company insiders.

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.