Northwest Quadrant Wealth Management LLC Has $253,000 Stock Holdings in Markel Group Inc. (NYSE:MKL)

Northwest Quadrant Wealth Management LLC reduced its stake in shares of Markel Group Inc. (NYSE:MKL) by 11.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 161 shares of the insurance provider’s stock after selling 20 shares during the quarter. Northwest Quadrant Wealth Management LLC’s holdings in Markel Group were worth $253,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MKL. Bank of Nova Scotia lifted its stake in Markel Group by 64.2% in the fourth quarter. Bank of Nova Scotia now owns 491 shares of the insurance provider’s stock valued at $697,000 after buying an additional 192 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Markel Group by 0.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,095 shares of the insurance provider’s stock valued at $4,395,000 after acquiring an additional 9 shares during the period. Northern Trust Corp increased its stake in shares of Markel Group by 2.0% during the 4th quarter. Northern Trust Corp now owns 90,276 shares of the insurance provider’s stock worth $128,183,000 after purchasing an additional 1,775 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Markel Group by 5.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 54,264 shares of the insurance provider’s stock valued at $77,049,000 after purchasing an additional 2,595 shares during the period. Finally, Vinva Investment Management Ltd lifted its stake in Markel Group by 14.8% in the 4th quarter. Vinva Investment Management Ltd now owns 420 shares of the insurance provider’s stock valued at $593,000 after purchasing an additional 54 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MKL shares. StockNews.com raised Markel Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 25th. TD Cowen started coverage on 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 lifted 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1,626.83.

Insider Activity

In other news, Director Lawrence A. Cunningham acquired 20 shares of the 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 purchase, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.71% of the company’s stock.

Markel Group Price Performance

Shares of NYSE MKL traded up $38.12 during mid-day trading on Friday, reaching $1,603.69. The company had a trading volume of 29,211 shares, compared to its average volume of 42,276. The business’s 50-day simple moving average is $1,562.31 and its 200 day simple moving average is $1,557.60. The firm has a market cap of $20.85 billion, a price-to-earnings ratio of 8.66 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. The company 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%. On average, research analysts predict that Markel Group Inc. will post 89.1 earnings per share for the current fiscal 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.