143 Shares in Markel Group Inc. (NYSE:MKL) Purchased by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. purchased a new position in Markel Group Inc. (NYSE:MKL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 143 shares of the insurance provider’s stock, valued at approximately $225,000.

Several other hedge funds have also recently added to or reduced their stakes in MKL. Gilbert & Cook Inc. grew its holdings in shares of Markel Group by 5.6% during the fourth quarter. Gilbert & Cook Inc. now owns 529 shares of the insurance provider’s stock worth $751,000 after buying an additional 28 shares in the last quarter. New York Life Investment Management LLC raised its holdings in Markel Group by 12.7% in the 4th quarter. New York Life Investment Management LLC now owns 231 shares of the insurance provider’s stock valued at $328,000 after acquiring an additional 26 shares during the last quarter. Amalgamated Bank lifted its stake in Markel Group by 17.5% in the 4th quarter. Amalgamated Bank now owns 1,627 shares of the insurance provider’s stock worth $2,310,000 after purchasing an additional 242 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Markel Group by 40.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 80 shares of the insurance provider’s stock worth $114,000 after purchasing an additional 23 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of Markel Group by 91.0% in the fourth quarter. National Bank of Canada FI now owns 5,164 shares of the insurance provider’s stock valued at $7,412,000 after purchasing an additional 2,461 shares during the last quarter. 77.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MKL. Citigroup boosted 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. 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. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Price Performance

NYSE:MKL opened at $1,558.42 on Friday. Markel Group Inc. has a 52 week low of $1,295.65 and a 52 week high of $1,670.24. The stock’s fifty day moving average is $1,567.80 and its two-hundred day moving average is $1,546.16. The company has a market capitalization of $20.26 billion, a P/E ratio of 8.42 and a beta of 0.73. 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 (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, 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 firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Equities analysts expect that Markel Group Inc. will post 89.05 EPS for the current year.

Insider Activity

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the transaction, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.