BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Stake in Markel Group Inc. (NYSE:MKL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 1.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 910 shares of the insurance provider’s stock after buying an additional 10 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Markel Group were worth $1,434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Markel Group during the fourth quarter worth $214,216,000. Boston Partners boosted its stake in Markel Group by 400.1% in the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock worth $222,771,000 after buying an additional 125,507 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Markel Group in the 1st quarter valued at about $133,143,000. Confluence Investment Management LLC acquired a new position in shares of Markel Group during the 1st quarter valued at about $60,937,000. Finally, TD Asset Management Inc lifted its holdings in shares of Markel Group by 248.2% during the 4th quarter. TD Asset Management Inc now owns 40,277 shares of the insurance provider’s stock worth $57,189,000 after acquiring an additional 28,711 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Buying and Selling at Markel Group

In related news, Director Lawrence A. Cunningham bought 20 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought 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 of the company’s stock, valued at $1,123,787.50. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Stock Up 0.6 %

MKL opened at $1,600.68 on Monday. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,670.24. The firm has a 50 day moving average price of $1,567.91 and a 200 day moving average price of $1,544.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $20.71 billion, a PE ratio of 8.65 and a beta of 0.73.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. Sell-side analysts expect that Markel Group Inc. will post 89.05 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on MKL. Citigroup boosted 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 report on Tuesday, July 23rd. TD Cowen assumed 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 objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.