American Century Companies Inc. Boosts Stock Holdings in Markel Group Inc. (NYSE:MKL)

American Century Companies Inc. raised its holdings in shares of Markel Group Inc. (NYSE:MKL) by 115.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,895 shares of the insurance provider’s stock after purchasing an additional 4,771 shares during the period. American Century Companies Inc. owned 0.07% of Markel Group worth $14,015,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in Markel Group by 6.0% during the 2nd 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 period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Markel Group by 2.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock valued at $48,412,000 after buying an additional 888 shares in the last quarter. Solitude Financial Services bought a new stake in shares of Markel Group in the 2nd quarter valued at about $1,182,000. Sei Investments Co. boosted its holdings 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 buying an additional 1,268 shares in 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 valued at $12,684,000 after buying an additional 359 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.9 %

MKL stock opened at $1,570.59 on Friday. The firm has a 50 day moving average of $1,565.78 and a 200 day moving average of $1,553.30. The stock has a market capitalization of $20.42 billion, a PE ratio of 8.48 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 52 week low of $1,295.65 and a 52 week high of $1,670.24.

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

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MKL shares. TD Cowen started coverage on shares of Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target on the stock. Citigroup raised their price target 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus 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.