Markel Group Inc. (NYSE:MKL) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its stake in shares of Markel Group Inc. (NYSE:MKL) by 176.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,333 shares of the insurance provider’s stock after purchasing an additional 851 shares during the period. Edgestream Partners L.P.’s holdings in Markel Group were worth $2,028,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Markel Group in the 4th quarter valued at about $214,216,000. Boston Partners lifted its stake in Markel Group by 400.1% in the 4th quarter. Boston Partners now owns 156,872 shares of the insurance provider’s stock valued at $222,771,000 after buying an additional 125,507 shares in the last quarter. Global Assets Advisory LLC purchased a new position in Markel Group in the 1st quarter valued at about $133,143,000. Jennison Associates LLC lifted its stake in Markel Group by 111.3% in the 4th quarter. Jennison Associates LLC now owns 77,995 shares of the insurance provider’s stock valued at $110,745,000 after buying an additional 41,086 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new position in Markel Group in the 1st quarter valued at about $60,937,000. 77.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Markel Group

In other news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now owns 634 shares in the company, valued at approximately $1,027,606.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Greta J. Harris sold 122 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the completion of the sale, the director now owns 634 shares in the company, valued at approximately $1,027,606.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven A. Markel sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the sale, the director now owns 66,668 shares of the company’s stock, valued at approximately $109,228,184.52. The disclosure for this sale can be found here. Insiders own 1.71% of the company’s stock.

Markel Group Trading Down 0.7 %

Shares of MKL traded down $10.77 during mid-day trading on Monday, reaching $1,562.63. The stock had a trading volume of 30,163 shares, compared to its average volume of 44,998. Markel Group Inc. has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 8.50 and a beta of 0.73. The business’s fifty day moving average is $1,593.28 and its 200 day moving average is $1,518.70. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.61 and a quick ratio of 0.61.

Markel Group (NYSE:MKL) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing the consensus estimate of $18.50 by ($0.33). The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Markel Group had a net margin of 15.23% and a return on equity of 11.18%. On average, sell-side analysts predict that Markel Group Inc. will post 82.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MKL has been the topic of a number of research reports. TD Cowen initiated coverage on shares of Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target on the stock. Royal Bank of Canada raised their price target on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Finally, Truist Financial boosted their target price on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Markel Group presently has an average rating of “Hold” and a consensus price target of $1,597.67.

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.