Assenagon Asset Management S.A. Acquires 558 Shares of Markel Group Inc. (NYSE:MKL)

Assenagon Asset Management S.A. lifted its holdings in Markel Group Inc. (NYSE:MKL) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,884 shares of the insurance provider’s stock after acquiring an additional 558 shares during the period. Assenagon Asset Management S.A. owned 0.08% of Markel Group worth $15,574,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MKL. GAMMA Investing LLC bought a new position in Markel Group during the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Markel Group during the second quarter valued at approximately $55,000. Ables Iannone Moore & Associates Inc. bought a new position in Markel Group during the fourth quarter valued at approximately $57,000. Evermay Wealth Management LLC bought a new position in Markel Group during the first quarter valued at approximately $75,000. Finally, Crewe Advisors LLC bought a new position in Markel Group during the first quarter valued at approximately $81,000. Institutional investors own 77.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on MKL shares. TD Cowen started coverage on Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target for the company. Citigroup upped their price objective 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. Royal Bank of Canada upped their price objective on Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Finally, Truist Financial upped their price objective on Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. One equities research 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’s stock. According to MarketBeat.com, Markel Group has an average rating of “Hold” and an average price target of $1,626.83.

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 122 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the sale, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Greta J. Harris sold 122 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total value of $197,741.26. Following the sale, the director now directly owns 634 shares in the company, valued at $1,027,606.22. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lawrence A. Cunningham purchased 20 shares of Markel Group stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The disclosure for this purchase can be found here. Company insiders own 1.71% of the company’s stock.

Markel Group Trading Up 0.3 %

MKL stock traded up $4.08 during midday trading on Friday, reaching $1,548.57. 24,531 shares of the company traded hands, compared to its average volume of 44,670. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.61 and a current ratio of 0.60. The business has a 50 day moving average of $1,565.29 and a 200-day moving average of $1,533.58. The firm has a market capitalization of $20.14 billion, a price-to-earnings ratio of 8.36 and a beta of 0.73.

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.