Markel Group Inc. (NYSE:MKL) Shares Purchased by GAM Holding AG

GAM Holding AG increased its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,049 shares of the insurance provider’s stock after purchasing an additional 23 shares during the quarter. Markel Group accounts for approximately 1.0% of GAM Holding AG’s holdings, making the stock its 24th biggest position. GAM Holding AG owned approximately 0.06% of Markel Group worth $12,626,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its holdings in Markel Group by 6.0% in the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock valued at $15,574,000 after acquiring an additional 558 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Markel Group by 2.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock valued at $48,412,000 after acquiring an additional 888 shares during the period. Solitude Financial Services acquired a new stake in Markel Group in the second quarter valued at $1,182,000. Sei Investments Co. lifted its holdings in Markel Group by 41.7% in the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after acquiring an additional 1,268 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Markel Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock valued at $12,684,000 after acquiring an additional 359 shares during the period. 77.12% of the stock is owned by institutional investors and hedge funds.

Markel Group Stock Down 0.8 %

MKL opened at $1,586.14 on Wednesday. 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 stock has a market capitalization of $20.62 billion, a price-to-earnings ratio of 8.57 and a beta of 0.73. The business has a 50-day moving average of $1,567.00 and a two-hundred day moving average of $1,563.42. Markel Group Inc. has a 12 month low of $1,295.65 and a 12 month 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 EPS for the quarter, beating the consensus estimate 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 return on equity of 11.12% and a net margin of 13.00%. On average, research analysts expect that Markel Group Inc. will post 89.94 earnings per share for the current year.

Insider Activity

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. TD Cowen started coverage on Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price for the company. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Jefferies Financial Group raised their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Citigroup raised their price target on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.