Boyar Asset Management Inc. Buys 13 Shares of Markel Group Inc. (NYSE:MKL)

Boyar Asset Management Inc. grew its position in Markel Group Inc. (NYSE:MKL) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 338 shares of the insurance provider’s stock after purchasing an additional 13 shares during the quarter. Boyar Asset Management Inc.’s holdings in Markel Group were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MKL. Vanguard Group Inc. raised its holdings in Markel Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock worth $1,692,115,000 after acquiring an additional 9,216 shares during the period. Boston Partners lifted its position in shares of Markel Group by 36.7% during the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock worth $326,124,000 after purchasing an additional 57,528 shares during the last quarter. Norges Bank bought a new stake in Markel Group during the 4th quarter valued at approximately $214,216,000. Dimensional Fund Advisors LP grew its holdings in Markel Group by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 100,339 shares of the insurance provider’s stock valued at $142,465,000 after buying an additional 6,700 shares during the last quarter. Finally, Northern Trust Corp increased its position in Markel Group by 2.0% in the 4th quarter. Northern Trust Corp now owns 90,276 shares of the insurance provider’s stock worth $128,183,000 after buying an additional 1,775 shares during the period. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction dated 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 purchase, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.71% of the company’s stock.

Markel Group Stock Down 1.4 %

Shares of MKL stock opened at $1,533.79 on Friday. Markel Group Inc. has a one year low of $1,295.65 and a one year 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 has a fifty day moving average price of $1,567.36 and a 200 day moving average price of $1,546.25. The stock has a market cap of $19.94 billion, a P/E ratio of 8.28 and a beta of 0.73.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $3.86 billion. Analysts predict that Markel Group Inc. will post 89.05 earnings per share for the current year.

Wall Street Analyst Weigh In

MKL has been the subject of several research reports. TD Cowen started 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. Citigroup raised 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,626.83.

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.