MBB Public Markets I LLC Acquires Shares of 899 Markel Group Inc. (NYSE:MKL)

MBB Public Markets I LLC acquired a new position in Markel Group Inc. (NYSE:MKL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 899 shares of the insurance provider’s stock, valued at approximately $1,417,000.

Several other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in Markel Group by 6.0% during the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock valued at $15,574,000 after purchasing an additional 558 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Markel Group by 2.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock worth $48,412,000 after acquiring an additional 888 shares during the last quarter. Solitude Financial Services purchased a new stake in Markel Group during the second quarter valued at approximately $1,182,000. Sei Investments Co. lifted its stake in shares of Markel Group by 41.7% in the 1st quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Markel Group by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock worth $12,684,000 after purchasing an additional 359 shares during the period. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Lawrence A. Cunningham purchased 20 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the acquisition, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.71% of the stock is owned by insiders.

Markel Group Stock Performance

Markel Group stock opened at $1,569.08 on Monday. Markel Group Inc. has a fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24. The company has a market capitalization of $20.40 billion, a PE ratio of 8.48 and a beta of 0.73. The company has a 50 day moving average price of $1,562.35 and a 200-day moving average price of $1,555.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, topping the consensus estimate of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. As a group, equities analysts forecast that Markel Group Inc. will post 89.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. Citigroup increased their target price on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. Finally, TD Cowen started coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,626.83.

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.