343 Shares in Markel Group Inc. (NYSE:MKL) Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in Markel Group Inc. (NYSE:MKL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 343 shares of the insurance provider’s stock, valued at approximately $540,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Gilbert & Cook Inc. raised its position in shares of Markel Group by 5.6% during the 4th quarter. Gilbert & Cook Inc. now owns 529 shares of the insurance provider’s stock valued at $751,000 after buying an additional 28 shares during the period. Hsbc Holdings PLC raised its position in Markel Group by 10.5% in the fourth quarter. Hsbc Holdings PLC now owns 14,558 shares of the insurance provider’s stock valued at $20,679,000 after purchasing an additional 1,389 shares during the period. Steward Partners Investment Advisory LLC raised its position in Markel Group by 50.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 451 shares of the insurance provider’s stock valued at $640,000 after purchasing an additional 151 shares during the period. TD Asset Management Inc lifted its stake in shares of Markel Group by 248.2% in the 4th quarter. TD Asset Management Inc now owns 40,277 shares of the insurance provider’s stock valued at $57,189,000 after purchasing an additional 28,711 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Markel Group by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 6,178 shares of the insurance provider’s stock worth $8,772,000 after purchasing an additional 64 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Markel Group

In related news, Director Lawrence A. Cunningham acquired 20 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired 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 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 at this hyperlink. 1.71% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MKL shares. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Wednesday. TD Cowen assumed 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 target on the stock. Finally, Citigroup increased their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Performance

NYSE MKL opened at $1,566.89 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $20.37 billion, a P/E ratio of 8.46 and a beta of 0.73. The stock has a 50-day moving average of $1,562.47 and a two-hundred day moving average of $1,554.82. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating 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 business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. As a group, analysts anticipate that Markel Group Inc. will post 89.1 EPS for the current year.

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.