Markel Group Inc. (NYSE:MKL) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. raised its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,358 shares of the insurance provider’s stock after buying an additional 13 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Markel Group were worth $5,268,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp lifted its position in shares of Markel Group by 1,000.0% in the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 20 shares in the last quarter. UMB Bank n.a. lifted its holdings in Markel Group by 833.3% in the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 25 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Markel Group during the 2nd quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Markel Group during the second quarter worth about $55,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Markel Group in the second quarter valued at approximately $65,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analysts Set New Price Targets

MKL has been the topic of a number of analyst reports. Citigroup raised their target price 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. TD Cowen started coverage on Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective on the stock. Jefferies Financial Group upped their target price on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1,643.50.

Markel Group Stock Performance

Markel Group stock opened at $1,549.80 on Friday. The company has a market cap of $20.05 billion, a price-to-earnings ratio of 10.09 and a beta of 0.73. 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 debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The stock’s 50-day moving average is $1,568.28 and its 200-day moving average is $1,564.34.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.86 billion. Equities analysts anticipate that Markel Group Inc. will post 91.55 earnings per share for the current year.

Insider Activity at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of the company’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the acquisition, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.71% of the company’s stock.

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.