Greenleaf Trust Has $323,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

Greenleaf Trust lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 7.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206 shares of the insurance provider’s stock after purchasing an additional 15 shares during the quarter. Greenleaf Trust’s holdings in Markel Group were worth $323,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MKL. GAM Holding AG grew its stake in Markel Group by 0.3% in the third quarter. GAM Holding AG now owns 8,049 shares of the insurance provider’s stock valued at $12,626,000 after acquiring an additional 23 shares during the period. Private Advisor Group LLC grew its position in shares of Markel Group by 39.2% in the 3rd quarter. Private Advisor Group LLC now owns 597 shares of the insurance provider’s stock valued at $936,000 after purchasing an additional 168 shares during the period. Sequoia Financial Advisors LLC increased its stake in Markel Group by 63.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,567 shares of the insurance provider’s stock worth $2,458,000 after purchasing an additional 608 shares in the last quarter. Maple Capital Management Inc. acquired a new stake in Markel Group during the 3rd quarter worth approximately $212,000. Finally, Toth Financial Advisory Corp lifted its stake in Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after buying an additional 20 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Activity

In other Markel Group news, Director Lawrence A. Cunningham purchased 20 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the transaction, the director now directly owns 743 shares in the company, valued at $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.71% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MKL has been the topic of a number of research analyst reports. TD Cowen assumed coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective on the stock. Citigroup increased their price objective 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. Jefferies Financial Group raised their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $1,643.50.

Markel Group Trading Down 1.8 %

Shares of Markel Group stock opened at $1,549.80 on Friday. The stock has a market cap of $20.05 billion, a P/E ratio of 10.09 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 Inc. has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. The business’s 50 day moving average is $1,568.28 and its 200-day moving average is $1,564.34.

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 analysts’ consensus estimates of $20.76 by $5.19. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. Equities research analysts predict that Markel Group Inc. will post 91.55 earnings per share for the current fiscal year.

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.