Maple Capital Management Inc. Takes Position in Markel Group Inc. (NYSE:MKL)

Maple Capital Management Inc. acquired a new stake in shares of Markel Group Inc. (NYSE:MKL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 135 shares of the insurance provider’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp lifted its position in Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares during the period. Mills Wealth Advisors LLC bought a new position in Markel Group during the third quarter valued at approximately $307,000. Allspring Global Investments Holdings LLC lifted its position in Markel Group by 136.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,119 shares of the insurance provider’s stock valued at $3,324,000 after purchasing an additional 1,223 shares during the period. Raymond James & Associates lifted its position in Markel Group by 5.9% during the third quarter. Raymond James & Associates now owns 30,015 shares of the insurance provider’s stock valued at $47,081,000 after purchasing an additional 1,681 shares during the period. Finally, Blue Trust Inc. lifted its position in Markel Group by 78.9% during the third quarter. Blue Trust Inc. now owns 195 shares of the insurance provider’s stock valued at $307,000 after purchasing an additional 86 shares during the period. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of 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. TD Cowen began coverage on shares of Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target on the stock. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, Citigroup increased their price target 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, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1,643.50.

Insider Activity at Markel Group

In related news, Director Lawrence A. Cunningham bought 20 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was bought 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 owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.71% of the stock is currently owned by corporate insiders.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,599.18 on Tuesday. The firm has a fifty day moving average price of $1,565.70 and a 200-day moving average price of $1,562.89. 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 cap of $20.79 billion, a PE ratio of 8.64 and a beta of 0.73. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,670.24.

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, topping analysts’ consensus estimates of $20.76 by $5.19. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. Equities analysts anticipate that Markel Group Inc. will post 89.94 earnings per share for the current fiscal year.

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.