Regency Capital Management Inc. DE Has $10.39 Million Stake in Markel Group Inc. (NYSE:MKL)

Regency Capital Management Inc. DE boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 5.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,623 shares of the insurance provider’s stock after buying an additional 319 shares during the quarter. Markel Group accounts for 5.7% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 3rd biggest position. Regency Capital Management Inc. DE’s holdings in Markel Group were worth $10,389,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Alpha Omega Wealth Management LLC increased its stake in shares of Markel Group by 0.7% during the third quarter. Alpha Omega Wealth Management LLC now owns 3,340 shares of the insurance provider’s stock worth $5,239,000 after purchasing an additional 22 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Markel Group in the 2nd quarter valued at $65,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Markel Group during the 2nd quarter valued at $45,000. American Trust bought a new stake in shares of Markel Group in the 2nd quarter valued at about $277,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Markel Group in the 2nd quarter valued at about $2,803,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Price Performance

Shares of MKL stock traded up $38.12 on Friday, reaching $1,603.69. The company’s stock had a trading volume of 29,211 shares, compared to its average volume of 42,276. 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 company has a market capitalization of $20.85 billion, a P/E ratio of 8.61 and a beta of 0.73. The stock’s 50 day simple moving average is $1,562.53 and its 200-day simple moving average is $1,556.95.

Markel Group (NYSE:MKL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) 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 company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.86 billion. As a group, equities analysts predict that Markel Group Inc. will post 89.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MKL has been the topic of several research analyst reports. TD Cowen assumed coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price 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 research note on Tuesday, July 23rd. Finally, StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,626.83.

Insider Buying and Selling at Markel Group

In related news, Director Lawrence A. Cunningham acquired 20 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.71% of the company’s stock.

About Markel Group

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.