Lecap Asset Management Ltd. Raises Holdings in Markel Group Inc. (NYSE:MKL)

Lecap Asset Management Ltd. lifted its position in Markel Group Inc. (NYSE:MKL) by 201.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 872 shares of the insurance provider’s stock after buying an additional 583 shares during the period. Lecap Asset Management Ltd.’s holdings in Markel Group were worth $1,374,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Freedom Day Solutions LLC lifted its holdings in Markel Group by 6.3% during the second quarter. Freedom Day Solutions LLC now owns 1,475 shares of the insurance provider’s stock worth $2,324,000 after buying an additional 88 shares during the period. Dakota Wealth Management lifted its stake in shares of Markel Group by 14.6% during the 2nd quarter. Dakota Wealth Management now owns 236 shares of the insurance provider’s stock worth $372,000 after purchasing an additional 30 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Markel Group by 10.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 24,663 shares of the insurance provider’s stock valued at $38,860,000 after purchasing an additional 2,398 shares in the last quarter. Wealth Forward LLC purchased a new position in Markel Group in the second quarter valued at about $202,000. Finally, Raymond James & Associates raised its holdings in Markel Group by 3.6% in the second quarter. Raymond James & Associates now owns 28,334 shares of the insurance provider’s stock worth $44,645,000 after purchasing an additional 991 shares in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Lawrence A. Cunningham acquired 20 shares of the business’s 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 completion of the acquisition, the director now owns 743 shares of the company’s stock, valued at $1,123,787.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of the company’s 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 acquisition, the director now directly owns 743 shares of the company’s stock, valued at $1,123,787.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the transaction, the director now directly owns 634 shares of the company’s stock, valued at approximately $1,027,606.22. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MKL has been the topic of a number of recent analyst reports. Truist Financial raised their price target on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Citigroup lifted 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 report on Tuesday, July 23rd. Royal Bank of Canada upped their price target on Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Finally, TD Cowen initiated coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,626.83.

Markel Group Stock Performance

Shares of NYSE:MKL traded up $20.18 on Wednesday, hitting $1,567.12. 27,079 shares of the company were exchanged, compared to its average volume of 44,227. The firm has a market capitalization of $20.38 billion, a P/E ratio of 8.46 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.29. Markel Group Inc. has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The stock’s 50 day moving average price is $1,564.95 and its 200 day moving average price is $1,536.38.

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.