Hutchinson Capital Management CA Acquires 24 Shares of Markel Group Inc. (NYSE:MKL)

Hutchinson Capital Management CA increased its holdings in shares of Markel Group Inc. (NYSE:MKL) by 0.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,682 shares of the insurance provider’s stock after purchasing an additional 24 shares during the period. Markel Group accounts for 2.8% of Hutchinson Capital Management CA’s holdings, making the stock its 13th biggest holding. Hutchinson Capital Management CA owned about 0.07% of Markel Group worth $13,680,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Markel Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 1,191,714 shares of the insurance provider’s stock valued at $1,692,115,000 after acquiring an additional 9,216 shares in the last quarter. Davis Selected Advisers grew its stake in Markel Group by 0.3% in the second quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock valued at $452,311,000 after purchasing an additional 970 shares during the last quarter. Boston Partners raised its holdings in Markel Group by 36.7% in the first 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 in the last quarter. Norges Bank purchased a new stake in shares of Markel Group during the fourth quarter valued at about $214,216,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of 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 in the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

Markel Group Stock Up 1.4 %

MKL stock opened at $1,554.56 on Tuesday. The stock has a market capitalization of $20.12 billion, a PE ratio of 8.40 and a beta of 0.73. 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 quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $1,566.06 and a 200 day moving average of $1,548.58.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 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 business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Sell-side analysts forecast that Markel Group Inc. will post 89.1 earnings per share for the current year.

Insider Activity

In other news, Director Lawrence A. Cunningham bought 20 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the acquisition, the director now directly owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The purchase 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.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. TD Cowen assumed coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target on the stock. One investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,626.83.

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.