Harbor Investment Advisory LLC Has $2.24 Million Stake in Markel Group Inc. (NYSE:MKL)

Harbor Investment Advisory LLC grew its position in Markel Group Inc. (NYSE:MKL) by 6.6% in the third quarter, Holdings Channel reports. The fund owned 1,428 shares of the insurance provider’s stock after acquiring an additional 88 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Markel Group were worth $2,239,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Global Assets Advisory LLC bought a new position in shares of Markel Group during the first quarter valued at $133,143,000. Boston Partners lifted its holdings in Markel Group by 36.7% during the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after buying an additional 57,528 shares during the period. Confluence Investment Management LLC bought a new stake in shares of Markel Group in the 1st quarter valued at about $60,937,000. Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock valued at $134,320,000 after buying an additional 11,357 shares during the period. Finally, Marshall Wace LLP bought a new stake in Markel Group in the second quarter valued at approximately $15,596,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Up 2.4 %

MKL traded up $38.12 during midday trading on Friday, hitting $1,603.69. The company had a trading volume of 29,211 shares, compared to its average volume of 42,276. The stock’s 50 day moving average price is $1,562.31 and its 200 day moving average price is $1,557.60. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The company has a market capitalization of $20.85 billion, a price-to-earnings ratio of 8.66 and a beta of 0.73. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.86 billion. On average, research analysts anticipate that Markel Group Inc. will post 89.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of Markel Group stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on MKL. TD Cowen started coverage on shares of Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective on the stock. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, Citigroup increased their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.