Quilter Plc Purchases 3,104 Shares of Markel Group Inc. (NYSE:MKL)

Quilter Plc lifted its position in shares of Markel Group Inc. (NYSE:MKL) by 12.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,897 shares of the insurance provider’s stock after buying an additional 3,104 shares during the quarter. Quilter Plc owned approximately 0.21% of Markel Group worth $43,956,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Markel Group by 6.0% in the second quarter. Assenagon Asset Management S.A. now owns 9,884 shares of the insurance provider’s stock worth $15,574,000 after acquiring an additional 558 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Markel Group by 2.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 31,819 shares of the insurance provider’s stock worth $48,412,000 after purchasing an additional 888 shares during the period. Solitude Financial Services purchased a new stake in Markel Group during the 2nd quarter valued at approximately $1,182,000. Sei Investments Co. raised its position in shares of Markel Group by 41.7% during the first quarter. Sei Investments Co. now owns 4,308 shares of the insurance provider’s stock valued at $6,554,000 after buying an additional 1,268 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Markel Group by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,336 shares of the insurance provider’s stock worth $12,684,000 after acquiring an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other news, Director Lawrence A. Cunningham purchased 20 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the purchase, the director now owns 743 shares in the company, valued at $1,123,787.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.71% of the company’s stock.

Markel Group Price Performance

NYSE:MKL opened at $1,557.58 on Friday. The firm has a market capitalization of $20.16 billion, a price-to-earnings ratio of 8.41 and a beta of 0.73. 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 business has a 50 day simple moving average of $1,565.10 and a 200-day simple moving average of $1,550.22. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,670.24.

Markel Group (NYSE:MKL) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. Equities analysts forecast that Markel Group Inc. will post 89.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MKL shares. Citigroup raised 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. TD Cowen began coverage on Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1,626.83.

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.