Dakota Wealth Management Acquires 16 Shares of Markel Group Inc. (NYSE:MKL)

Dakota Wealth Management boosted its holdings in Markel Group Inc. (NYSE:MKL) by 6.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 252 shares of the insurance provider’s stock after acquiring an additional 16 shares during the period. Dakota Wealth Management’s holdings in Markel Group were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Wambolt & Associates LLC raised its position in shares of Markel Group by 3.4% in the first quarter. Wambolt & Associates LLC now owns 240 shares of the insurance provider’s stock valued at $362,000 after purchasing an additional 8 shares during the period. Epic Trust Investment Advisors LLC raised its holdings in Markel Group by 4.6% in the 2nd quarter. Epic Trust Investment Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $285,000 after acquiring an additional 8 shares during the period. Choreo LLC lifted its position in Markel Group by 1.9% during the first quarter. Choreo LLC now owns 539 shares of the insurance provider’s stock worth $820,000 after acquiring an additional 10 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its holdings in shares of Markel Group by 5.3% during the second quarter. Baker Tilly Wealth Management LLC now owns 198 shares of the insurance provider’s stock worth $312,000 after acquiring an additional 10 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Markel Group by 1.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 910 shares of the insurance provider’s stock valued at $1,434,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of Markel Group stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.71% of the stock is owned by insiders.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,564.00 on Tuesday. The firm has a 50 day moving average of $1,568.28 and a 200-day moving average of $1,564.86. 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 current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $20.34 billion, a PE ratio of 8.45 and a beta of 0.73.

Markel Group (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.86 billion. On average, equities research analysts predict that Markel Group Inc. will post 91.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MKL shares. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Citigroup upped 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 research note on Tuesday, July 23rd. 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 objective for the company. Finally, Jefferies Financial Group raised their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. One investment 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. Based on data from MarketBeat.com, Markel Group has a consensus rating of “Hold” and an average target price of $1,643.50.

Markel Group 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.